Business news from Ukraine

Business news from Ukraine

Ukraine increased exports of semi-finished steel products by 62%

11 November , 2024  

In January-October this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 61.8% year-on-year to 1 million 674,047 thousand tons.
According to statistics released by the State Customs Service, exports of carbon steel semi-finished products increased by 56.3% to $827.952 million in monetary terms.
The main exports were to Bulgaria (31.37% of supplies in monetary terms), Egypt (20.19%) and Turkey (10.39%).
In January-October 2024, Ukraine imported 15 tons of semi-finished products worth $33 thousand from Romania (60.61%) and Poland (24.24%), while in January-October 2023, it imported 92 tons of semi-finished products worth $169 thousand from China.
As reported, in 2023, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).
In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) for $172 thousand.