In 2023-2024 the affiliated assets of the direction “Repair and production” of JSC ‘Ukrzaliznytsia’ for the first time in a decade have reached profit – on 117 million UAH annually, said in an interview with the agency “Interfax-Ukraine” head of the direction Evgeny Shramko.
Profitability was ensured due to energy saving, cost reduction and establishment of synergy between enterprises.
In January-July of this year, Ukrainian enterprises increased their consumption of rolled metal by 22.6% compared to the same period last year – to 2 million 813.5 thousand tons.
According to a press release from the Ukrmetallurgprom association, 1 million 42.5 thousand tons, or 37% of the domestic market for rolled metal consumption, were imported during this period.
According to Ukrmetallurgprom, in the first eight months of 2025, metal companies produced 4.256 million tons of rolled metal (98.6% compared to the same period in 2024), of which, according to the State Customs Service of Ukraine, about 2.481 million tons, or 58.3%, were exported. In January-August 2024, the share of exports was 66.1% (2.853 million tons out of a total rolled metal production of 4.318 million tons).
The share of semi-finished products in export deliveries in January-August 2025 is 32.37%, which is significantly lower than in January-August 2024 (46.83%). The share of flat products in export deliveries in January-August 2025 significantly exceeds the figure for January-August 2024 (44.38% and 39.19%, respectively). The share of long products is also significantly higher than in January-August 2024 (23.26% in 2025 vs. 13.99% in 2024).
The structure of imports in January-August 2025, as before, is characterized by a significant dominance of flat rolled products over long products (70.24% and 20.96%, respectively); in January-August 2024, the dominance of flat rolled products over long products was also significant (79.73% and 18.80%, respectively).
“In the first eight months of 2025, the domestic market capacity was 2 million 813.5 thousand tons of rolled metal, of which 1 million 42.5 thousand tons, or 37.00%, were imports. In January-August 2024, the domestic market capacity was 2 million 298.2 thousand tons, of which 833.2 thousand tons, or 36.25%, were imported. Thus, in January-August 2025, there was an increase in the capacity of the domestic market relative to January-August 2024 by 22.60%, with a simultaneous increase in the share of imports by 0.75%,” the press release states.
According to the State Customs Service, the main export markets for Ukrainian rolled metal products in the first eight months of 2025 were the European Union (81.4%), other European countries (8.5%), and the CIS (6.6%).
Among metallurgical importers in January-August 2025, other European countries ranked first (52.7%), followed by the EU-27 (23.5%) and Asian countries (18.2%).
As reported, Ukraine’s rolled metal market in 2024 shrank by 6.26% compared to the previous year, to 3 million 288.4 thousand tons, while in 2023 it increased 2.19 times compared to 2022, to 3 million 505.6 thousand tons.
In January-August of this year, Ukrainian metallurgical enterprises increased their revenues from ferrous metal exports by 0.8% compared to the same period last year, to $2 billion 84.035 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.89% of total export revenues during this period, compared to 7.49% in January-August 2024.
In August, export revenues amounted to $267.907 million, compared to $277.615 million in the previous month.
At the same time, Ukraine increased imports of similar products by 10.3% in January-August 2025, to $1 billion 116.534 million. In August, products worth $161.463 million were imported.
In addition, in January-August 2025, Ukraine reduced exports of metal products by 3.4% to $621.161 million. In August, $52.311 million worth of these products were exported.
Imports of metal products during this period increased by 11.8% to $779.348 million. In August, $121.141 million worth of these products were imported.
As reported, in 2024, Ukrainian metal companies increased their revenues from ferrous metal exports by 16.9% compared to the previous year, to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1% over the past year, to $1 billion 478.814 million.
In 2023, Ukraine reduced its revenues from ferrous metal exports by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from goods exports during this period, while in 2022, the share was 10.3%. At the same time, Ukraine increased imports of similar products by 37% in 2023, to $1 billion 307.05 million.
In addition, in 2023, Ukraine reduced exports of metal products by 16.6% compared to 2022, to $877.92 million. At the same time, imports of metal products increased by 40.3%, to $902.57 million.
According to the forecast of JSC “Ukrzaliznytsia”, the losses of the car repair direction of the company may reach 600 million UAH by the end of 2025, said in an exclusive interview to the agency “Interfax-Ukraine” member of the Board, head of the direction “Repair and production” Evgeny Shramko.
The decrease is due to the fall in transportation and, as a consequence, the volume of repairs: transportation by UZ cars fell by 58%, and repairs decreased by 55%.
Approximately 5.7 million people from Ukraine remain displaced worldwide, 3.8 million are internally displaced, and 4.1 million have returned from displacement either within Ukraine or from abroad, according to the International Organization for Migration (IOM).
“Displacement remains a defining feature of the crisis,” said an IOM spokesperson in a statement on the recent attacks in Ukraine, published on the organization’s website on Tuesday.
IOM also expresses deep concern about the continuing rise in civilian casualties across Ukraine and stresses the urgent need for measures that prioritize the protection of civilians and provide necessary humanitarian assistance.
“The civilian population of Ukraine continues to bear the heavy burden of war as Russian strikes hit towns and villages on the front line and beyond. In July 2025 alone, the Office of the United Nations High Commissioner for Human Rights recorded 286 deaths and 1,388 injuries, the highest monthly figure since May 2022,” the statement said.
The IOM also stresses the urgent need for measures that prioritize the protection of civilians and provide necessary humanitarian assistance.
IOM, UKRAINIANS, WAR
Last week, the National Bank of Ukraine (NBU) reduced sales of dollars on the interbank market by $21.7 million, or 3.8%, to $551.3 million, which is the same as the week before last, according to statistics on the regulator’s website.
According to the NBU, in the first four days of last week, the average daily negative balance of buying and selling foreign currency by legal entities rose to $78.9 million from $65.6 million in the same period a week earlier and totaled $315.8 million.
The negative balance on the FX market for households also increased to $68.2 million from $44.3 million the week before, although it was declining over the course of the week, from $25.7 million on Monday to $14.0 million on Thursday.
This result was partly due to the high volume of non-cash foreign currency purchases on September 1, which amounted to $32.9 million.
The NBU started publishing weekend foreign exchange statistics separately, whereas previously it combined them with Monday data.
The official hryvnia exchange rate against the dollar weakened from 41.3203 UAH/$1 to 41.3722 UAH/$1 early last week, but on Friday the National Bank strengthened the national currency to 41.2199 UAH/$1. The last time the hryvnia was so expensive was in the third decade of August, and before that – in April of this year.
On the cash market, the dollar also fell by about 6-8 kopecks over the past week: buying to 41.21 UAH/$1, and selling to about 41.30 UAH/$1.
“Domestic demand remains restrained: importers are working as planned, the population is mainly focused on the euro, and the NBU is maintaining the balance without sharp movements. The general characteristic of market behavior is a smooth decline (of the dollar to hryvnia exchange rate) without sharp impulses,” experts of KYT Group, a major participant in the cash foreign exchange market, said.
They added that the spread between buying and selling is stable in a narrow corridor of UAH 0.40-0.50, and market rates remain equidistant from the official one. This indicates a lack of nervousness and support for the “exchange rate consensus” between the market and the regulator.
According to KYT Group’s short-term forecast for the period until mid-September, the exchange rate will remain in the basic range of UAH 41.20-41.70/$1, while the medium-term forecast for 2-3 months envisages a range of UAH 41.50-42.20/$1.
“The Fed’s likely September decision could give momentum in either direction: if the rate is cut, the hryvnia could strengthen in the short term and the dollar could fall to the lower boundary; if it is maintained, quotes will remain closer to the upper boundary,” experts say.
In the long term (6+ months), they maintain the scenario of a smooth devaluation: the expected benchmark is 43.00-44.50 UAH/$1, provided that foreign aid is stable and the NBU’s policy is controlled.
