Business news from Ukraine

Business news from Ukraine

Exports of ferrous scrap from Ukraine decreased by 8.5% in January

21 February , 2025  

In January of this year, Ukrainian companies reduced exports of ferrous scrap by 8.5% year-on-year to 15,696 thousand tons from 17,160 thousand tons.

According to statistics released by the State Customs Service (SCS), 31.612 thousand tons of scrap were exported in December 2014, 34.608 thousand tons in November and 24.549 thousand tons in October.

In monetary terms, scrap exports in January decreased by 13.2% to $4.406 million from $5.078 million.

Scrap metal exports in January-2025 were carried out mainly to Poland (96.57% of supplies in monetary terms) and Germany (3.43%).

In the first month of the year, Ukraine imported 3 tons of scrap metal worth $1 thousand from the British Virgin Islands.

As reported, in 2024, Ukraine’s scrap collecting enterprises increased exports of ferrous scrap by 60.7% compared to 2023 – to 293,190 thousand tons from 182,465 thousand tons. In monetary terms, the export of scrap metal increased by 73.2% to $91.311 million from $52.723 million over the year. Scrap metal exports in 2024 were mainly to Poland (81.80%), Greece (13.75%) and Germany (3.19%).

For the whole of last year, the country imported 104 tons of scrap metal worth $110 thousand, while in 2023 it imported 1,075 thousand tons worth $411 thousand. Imports were carried out mainly from Turkey (64.55% in monetary terms), the British Virgin Islands (16.36%) and Panama (8.18%).

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