In January-February of this year, Ukrainian metallurgical companies reduced their revenues from ferrous metal exports by 1% compared to the same period last year, from $419.199 million to $415.095 million.
According to statistics released by the State Customs Service (SCS) on Tuesday, ferrous metals accounted for 6.42% of total export revenues during this period, compared to 6.67% in January-February 2025.
In February 2026, export revenues amounted to $210.235 million, compared to $205.081 million in the previous month.
At the same time, Ukraine increased imports of similar products by 6.6% in January-February 2026, to $243.314 million. In February, products worth $120.588 million were imported.
In addition, in January-February of this year, Ukraine reduced exports of metal products by 25.8% to $107.372 million. In February, exports amounted to $58.786 million.
Imports of metal products during this period increased by 13.5% to $156.610 million. In February, $79.882 million worth of these products were imported.
As reported, in 2025, Ukrainian metal companies increased their revenues from ferrous metal exports by 7.85% compared to the previous year, to $3 billion 339.487 million. Ferrous metals accounted for 8.25% of total export revenues for the year, compared to 7.42% in 2024. At the same time, Ukraine increased imports of similar products by 12.9% in 2025, to $1 billion 669.544 million. In addition, Ukraine reduced exports of metal products by 3% last year, to $916.151 million. Imports of metal products increased by 24.4% over the year, to $1 billion 290.608 million.
In 2024, metal companies increased their revenues from ferrous metal exports by 16.9% compared to 2023, to $3 billion 96.343 million. At the same time, Ukraine increased imports of similar products by 13.1%, to $1 billion 478.814 million.
At the same time, Ukraine reduced imports of lead and lead products by 6.2 times in January-February 2026, to $198,000 (in February – $86,000).
Exports of lead and lead products increased by 23.3% to $1,660 thousand (in February – $607 thousand).
In 2025, the country increased imports of lead and lead products by 3.3 times to $7.801 million.
Exports of lead and lead products decreased by 17.8% to $9.377 million.
Lead is currently mainly used in the production of lead-acid batteries for the automotive industry. In addition, lead is used in the manufacture of bullets and certain alloys.
The price of May Brent futures on the London ICE Futures exchange rose by $6.09 (6.62%) to $98.07 per barrel at 7:12 a.m. Earlier during the session, Brent again exceeded $100 per barrel. On Wednesday, the contract rose in price by $4.18 (4.8%) to $91.98 per barrel.
WTI crude oil futures for April delivery on the New York Mercantile Exchange (NYMEX) are currently up $5.29 (6.06%) to $92.54 per barrel. At the end of the previous session, the value of these contracts rose by $3.8 (4.6%) to $87.25 per barrel.
An Iranian underwater drone attacked two oil tankers in the Persian Gulf overnight, Iranian state television IRIB reported. Earlier, a source in the Iraqi security service in Basra told CNN that a ship loaded with explosives rammed into two tankers at once.
CNN specifies that the ships Zefyros, flying the Maltese flag, and Safesea Vishnu, flying the Marshall Islands flag, were on fire. The registered owner of the Safesea Vishnu is the American company Safesea Transport Inc., while the owner of the Zefyros is based in Greece.
Iraq’s oil ports have been suspended following the fire, according to Farhan al-Fartousi, head of the Iraqi Ports Authority. He said one person had died and 38 others had been rescued.
Meanwhile, Oman has ordered ships to leave the Mina al-Fahal export terminal as a precaution, Bloomberg reports, citing informed sources. According to Kpler, about 1 million barrels of oil were exported from the terminal daily.
Earlier, a representative of the Iranian armed forces said that the world should prepare for oil at $200 per barrel, as fuel prices depend on security in the region, and Israel and the US have violated this security with their actions.
“The only thing that could lead to a long-term decline in prices is the resumption of oil supplies through the Strait of Hormuz,” ING analysts wrote. “If this does not happen, we can expect new highs.”
Oil prices rose yesterday, despite the fact that OPEC member countries agreed to supply a record 400 million barrels from their strategic reserves to the world market. The timing of the release of reserves will depend on the circumstances in each individual country. The total strategic oil reserves of IEA member countries exceed 1.2 billion barrels, with another 600 million barrels in state-owned industrial reserves.
“The release of IEA oil reserves may only be a temporary solution, while supply disruptions and significant production cuts in some Middle Eastern countries could cause a long-term supply shortage,” said Tina Teng of Moomoo ANZ.
On Wednesday, it was also reported that commercial oil reserves in the US rose by 3.824 million barrels last week to a maximum of 443.1 million barrels since May 2025. Experts had forecast an average increase of 1.1 million barrels, according to Trading Economics.
Earlier, the Experts Club information and analytical center released a video dedicated to global oil production in 1900–2024 and the leading producing countries.
Brent, EXPERTS CLUB, IRAN, OIL, TANKER
Oilseed production in Ukraine in the 2026-2027 season will show growth due to high margins and the development of domestic processing, according to the information and analytical agency UkrAgroConsult.
Analysts noted that sunflower will remain a priority crop for farmers. At the beginning of 2026, sunflower seed prices approached UAH 30,000/t, which encourages farms to expand their crops. The area under this crop in the new season may increase to 6.1 million hectares.
The soybean and rapeseed markets remain stable. At the same time, domestic processing of these crops is growing in Ukraine, which strengthens the country’s role in the Black Sea region. An increase in gross seed harvest will stimulate plant utilization and further growth in oil and meal exports.
Among the key trends for the 2026/27 season, UkrAgroConsult named the preservation of oilseeds as one of the most profitable segments of agricultural production, with sunflower maintaining its leading position. Analysts also predict an increase in processing capacity utilization and a further increase in exports of processed products amid relative stability in the soybean and rapeseed markets.
In January-February 2026, Ukraine increased imports of nickel and nickel products 2.3 times compared to the same period last year, to $4.518 million (in February – $2.052 million).
Exports of nickel and nickel products amounted to $51,000 (in February – $47,000), while in January-February 2025 they amounted to $33,000.
In addition, in 2025 Ukraine reduced imports of nickel and nickel products by 2.7% compared to 2024 – to $26.011 million.
Exports of nickel and nickel products amounted to $1.420 million, compared to $602 thousand in 2024.
Nickel is used in the production of stainless steel and for nickel plating. Nickel is also used in the production of batteries, in powder metallurgy, and in chemical reagents.
