Business news from Ukraine

Business news from Ukraine

Ukraine increased exports of semi-finished steel products by 60%

In January-November this year, Ukraine increased exports of semi-finished carbon steel products in physical terms by 59.7% year-on-year to 1 million 763,843 tons.
According to statistics released by the State Customs Service (SCS) on Monday, exports of carbon steel semi-finished products increased by 54.8% to $870.356 million in monetary terms.
The main exports were made to Bulgaria (31.47% of supplies in monetary terms), Egypt (19.21%) and Turkey (11.31%).
In January-November 2024, Ukraine imported 15 tons of semi-finished products worth $33 thousand from Romania (60.61%), Poland (24.24%) and Egypt (15.15%), while in January-November 2023 it imported 96 tons worth $172 thousand.
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.

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Ukraine reduced exports of titanium ores by 42.2%

In January-November this year, Ukraine reduced exports of titanium ores and concentrate in physical terms by 42.2% compared to the same period last year, to 6,394 thousand tons.
According to statistics released by the State Customs Service (SCS) on Monday, exports of titanium ore and concentrate in monetary terms decreased by 44.1% to $10.328 million.
The main exports were to Turkey (62.01% of supplies in monetary terms), Poland (7.82%) and Egypt (6.83%).
At the same time, experts point out that the statistics on titanium ore exports are inconsistent. In particular, at the request of Interfax-Ukraine, Velta Production and Commercial Firm (PCF) LLC with titanium ore mining assets in Novomyrhorod (Kirovohrad region) reported that in January-February 2024 alone, the company exported more than 15 thousand tons of ilmenite (titanium concentrate) to the Czech Republic and Mexico. At the same time, experts believe that the GTS provides data only on the supply of rutile (also titanium ore).
In eleven months of 2024, Ukraine imported 231 tons of titanium ore worth $363 thousand from China (91.74%) and Senegal (8.26%).
As reported, in 2023, Ukraine reduced exports of titanium ore in physical terms by 96.4% compared to 2022 – to 11,648 thousand tons, and revenue by 85.1% – to $19.426 million. At the same time, the main exports were made to Turkey (38.21% of supplies in monetary terms), Japan (16.53%) and India (6.12%).
Last year, the country imported a ton of such ore from the Netherlands for $2 thousand.
In Ukraine, titanium ore is currently mined mainly by the United Mining and Chemical Company (UMCC), which has been given control of Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Metallurgical Plant (Irshansk, Dnipro region). ) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), as well as Mezhirichinsky GOK and Valky Ilmenite (both based in Irshansk, Zhytomyr region). In addition, Velta (Dnipro) has built a mining and processing plant at the Byrzulivske deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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Ukraine increased imports of trucks in foreign currency by 29%

Imports of trucks to Ukraine in January-November 2024 increased by 28.8% in monetary terms compared to the same period in 2023, to EUR834.6 million, according to statistics from the State Customs Service.
According to the data released on Monday, most of the trucks were imported from Poland – for EUR169.25 million (or 20.28% of the total import structure of such vehicles), which is 89% more than a year earlier.
Cars worth EUR103.82 million (12.4%) were imported from France, which is 25% more than in January-November 2023, and EUR90.18 million from the United States. A year earlier, the top three truck exporting countries were Poland (13.8% of total truck imports), Korea (13.5%) and France (12.8%).
Imports from other countries increased by 21.5% to EUR 471.3 million during this period.
At the same time, according to statistics, in November, Ukraine imported trucks worth EUR75.8 million, compared to EUR59.4 million in the same month last year.
Over 11 months, Ukraine exported trucks worth EUR 2.9 million, mainly to Moldova (37.4% of exports of such vehicles), Poland (15.18%) and Kazakhstan (12.6%), while a year earlier, their exports amounted to EUR 3.87 million, mainly to Armenia (32.3%), Romania (25.7%) and Turkey (16.4%).

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In 2025, agricultural sector of Ukraine will provide additional UAH 5.2 bln to state budget

In 2025, the state budget of Ukraine will receive an additional UAH 5.2 billion from the agricultural sector at the expense of enterprises, institutions and organizations that are critical for the functioning of the economy, as well as due to an increase in the military tax rate, said Vitaliy Koval, Minister of Agrarian Policy and Food.

“I would like to thank the responsible agribusinesses that realize their key role in filling the budget of the country at war. Your patriotic stance and understanding bring us closer to victory,” the press service of the Ministry of Agrarian Policy and Food quoted him as saying.

The minister reminded that Law No. 4015-IX “On Amendments to the Tax Code of Ukraine and Other Laws of Ukraine on Ensuring the Balance of Budget Revenues during the Period of Martial Law” increased the military tax rate from 1.5% to 5.0%. Also, the Cabinet of Ministers Resolution No. 1332 provides for an increase in the accrued average salary of an employee applying for a reservation to 2.5 minimum wages (currently UAH 20 thousand – IF-U).

According to the Ministry of Agrarian Policy, additional revenues from such enterprises will amount to about UAH 1 billion.

“Centravis” to supply pipes for largest hydrogen production plant in South Korea

Centravis Production Ukraine (Nikopol, Dnipropetrovs’k region), a member of Centravis Ltd. holding, has agreed to supply a new batch of stainless steel pipes to South Korea for the largest hydrogen production plant.

According to a press release on Monday, Centravis has received an order for seamless pipes for a new hydrogen production plant in the South Korean city of Ulsan.

It is specified that the volume of delivery is 15 tons, and the client from South Korea ordered pipes for furnaces.

The company noted that Centravis has previously fulfilled orders for hydrogen projects. In particular, the Ukrainian company became a participant in a project to produce hydrogen-powered cars in the EU.

“Centravis has also agreed to supply seamless pipes from a German company specializing in hydraulic connections for the production of hydraulic connections with a high degree of leakage protection, in particular in projects using hydrogen and compressed natural gas.

“We are actively working in the Asian and Middle Eastern markets. And this contract is another step forward for us, especially since the construction of a hydrogen production plant has already become a landmark project for South Korea and the entire region,” said Artem Atanasov, Centravis Sales Director.

The construction of the Ulsan plant is expected to be completed in 2026. Its capacity will be 92,000 cubic meters per hour, or 8.2 tons. The volume of investments is about $157 million. It will be the largest hydrogen production plant in South Korea.

The press release states that Ulsan has become the center of the country’s hydrogen industry. Hyundai Motor and local authorities have recently agreed to create a hydrogen ecosystem in the city. In particular, the Korean automotive manufacturer presented a prototype of a hydrogen tram with a range of up to 150 km and a refueling time of up to 10 minutes.

The city recently unveiled the world’s first complex of “hydrogen apartments” that uses electricity and heat from hydrogen fuel cells, which provides significant savings in electricity costs.

As reported, in 2023, Centravis increased its production by 12% to 12.2 thousand tons. More than 98% of its products are supplied to foreign markets. The company has exported its products to 38 countries, including Germany, Italy, the USA, Japan, South Korea, the UAE, Oman, and others.

Today, Centravis is among the world’s ten largest producers of seamless stainless steel pipes.

“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.

Centravis Holding Ltd. was established on the basis of Nikopol Stainless Steel Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares of Centravis Production Ukraine.

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Ukraine increased iron ore exports by 87% in tons

In January-November this year, Ukrainian mining companies increased exports of iron ore by 87.4% in physical terms compared to the same period last year, to 30 million 250,394 thousand tons.
According to the statistics released by the State Customs Service on Monday, foreign exchange earnings from iron ore exports increased by 55.8% to $2 billion 530.162 million during this period.
Exports of iron ore were carried out mainly to China (34.61% of supplies in monetary terms), Poland (17.68%) and Slovakia (17.07%).
In January-November 2024, Ukraine imported iron ore for $409 thousand in a total volume of 2.031 thousand tons, while in January-November 2023, 244 tons of this raw material were imported for $131 thousand. This year, imports were carried out from Poland (50.37%), the Netherlands (23.23%) and Norway (13.69%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.

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