Business news from Ukraine

Business news from Ukraine

Ukraine reduced export of steel semi-finished products by 67%

15 September , 2022  

Ukraine in January-August this year reduced the export of semi-finished products from carbon steel in kind by 66.6% compared to the same period last year – up to 1 million 589.419 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, the export of semi-finished products from carbon steel over this period decreased by 63.5% – to $1 billion 8.882 million.
The main exports were to Bulgaria (21.91% of supplies in monetary terms), Italy (13.96%) and Turkey (12.22%).
In addition, Ukraine imported 5,532 thousand tons of such products in January-August, which is 64% less than in January-August 2021. In monetary terms, imports decreased by 63.4% – to $ 3.576 million. Imports were carried out from the Russian Federation (98.49% of deliveries), Romania (1.23%) and China (0.25%).
As reported, Ukraine in 2021 reduced the export of semi-finished products from carbon steel in physical terms by 9.5% compared to 2020, to 6 million 776.44 thousand tons. In monetary terms, the export of semi-finished products from carbon steel increased by 48.8% over the year to $4 billion 93.02 million. The main exports were to Italy (30.90% of supplies in monetary terms), Turkey (12.77%) and the Republic (8.02%).
In addition, Ukraine imported 38.97 thousand tons of such products in 2021, which is 2.6 times more than in 2020. In monetary terms, imports increased by 3.9 times – up to $25.95 million. Imports were carried out from the Russian Federation (97.73% of deliveries), Turkey (1.15%) and Uzbekistan (1.08%).

,