Business news from Ukraine

Business news from Ukraine

Scrap collectors increased exports of scrap metal by third – UVTORMET

In January-March of this year, ferrous scrap enterprises increased exports of strategic raw materials for steelmaking companies by 32% year-on-year to 80.8 thousand tons.

According to the Ukrainian Association of Secondary Metals (UAVtormet), scrap collectors increased scrap supplies to Ukrainian steelmakers by 16.4% to 401 thousand tons in the period under review, up from 1Q2024.

Technological reserves of ferrous scrap at the enterprises were estimated at 20-25 thousand tons at the end of the first quarter. At the same time, the estimated technological needs of metallurgists for this raw material, according to the Association, are fully met, with an excess of 2.5-7.5%.

In January-March, the volume of ferrous scrap procurement increased by 18.5% to 505.9 thousand tons. According to UVTORMET, this trend is due to the high business activity of metallurgical and foundry enterprises, as well as the active export activities of Ukrainian scrap companies.

“In January-March 2025, there was a further increase in imports of ferrous metals to Ukraine, which amounted to 26.9% (about 336.4 thousand tons of steel products were imported). The main commodity items were coated flat products (≈ 32.9%), hot-rolled flat products (≈ 29.4%) and cold-rolled flat products (≈ 9.8%). The main volumes of steel products were imported from Turkey, Poland and China,” the report states.

Imports of scrap in Q1-2025 amounted to 0.03 thousand tons, in Q1-2024 – 0.25 thousand tons.
In addition, it is stated that steel production in the first quarter of this year amounted to 1.73 million tons, which is 2.7% more than in the same period last year.

As reported, scrap collectors increased scrap exports by 60.6% in 2024 compared to 2023, to 293.1 thousand tons (in 2023, exports amounted to 182.5 thousand tons, in 2022 – 53.6 thousand tons). Last year, they increased scrap supplies to Ukrainian steelmakers by 29.8% year-on-year to 1.343 million tons. Last year, the volume of ferrous scrap procurement increased by 37% to 1.749 million tons. Scrap imports amounted to 1.2 thousand tons in 2024 and 1.1 thousand tons in 2023.

Last year, steel production totaled 7.575 million tons, up 21.6% year-on-year.

According to the forecast, Ukraine will produce 6.5-6.8 million tons of steel in 2025 (6.228 million tons in 2023 and 6.263 million tons in 2022) and 1.450-1.650 million tons of scrap metal (1,277.3 thousand tons in 2023 and 996.7 thousand tons in 2022). Steelmakers are also expected to consume 1.1-1.2 million tons of scrap (1 million 34.7 thousand tons in 2023 and 895.7 thousand tons in 2022), export 300-350 thousand tons of scrap (182.5 thousand tons in 2023 and 53.6 thousand tons in 2022), increasing the export of strategic raw materials for steelmakers. Scrap imports are expected to reach 1.5-3 thousand tons.

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Pope has died

The head of the Catholic Church, Pope Francis, who has been heading the Holy See since 2013, died on Monday morning, the Vatican press service reports on Facebook.

“It is with deep sadness that I must announce the death of our Holy Father Francis. At 7:35 a.m. today, Bishop Francis of Rome returned to the Father’s house,” said Cardinal Kevin Farrell, the Holy Roman Church’s chamberlain.

Beer production increased by 7%

Beer production in Ukraine in January-March 2025 amounted to 29 million dal, up 6.9% year-on-year, according to the website of the industry organization Ukrpyvo.

“The expert estimate of beer production in Ukraine (except for non-alcoholic beer with an alcohol content of up to 0.5 vol%) for the first three months of 2025 is 29 million dal, which is 106.9% compared to the same period in 2024. At the same time, this figure is only 85% of the production volume for the first three months of 2021,” the statement said.

As reported, beer production in Ukraine in 2024 increased by 4.8% to 140 million dal compared to the previous year, in 2023 it was 7.8% higher than in 2022. At the same time, in 2022, beer production fell by 27.9% compared to 2021 – to 122.8 million dal.

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Ukraine has received all 200 KIA BONGO ambulances from South Korean government

Ukraine has received the last 20 out of 200 KIA BONGO ambulances as part of a humanitarian donation from the Government of the Republic of Korea.

According to the Ministry of Health, the total cost of all the vehicles donated in cooperation between the Korean Embassy in Ukraine and the Ministry of Health is over $12 million.

The donated vehicles are fully equipped with modern medical equipment necessary to save patients’ lives at the scene and during transportation to medical facilities. Each vehicle is equipped with defibrillator monitors, oxygen supply systems, trauma equipment, stretchers and emergency medicines.

The Ministry of Health emphasizes that since the beginning of the war, the enemy has destroyed or damaged more than 600 ambulances in Ukraine.

In total, thanks to the support of international partners, Ukraine has already received more than 1,500 ambulances, 73 of which are armored.

The renewal of the ambulance fleet began in 2020-2021, even before the full-scale invasion: 895 ambulances were purchased at the expense of the state budget. They ensured the stable operation of the system in the first difficult months of the war.

The Ministry of Health reminds that Ukrainian medical institutions have recently received 100 modern ultrasound diagnostic systems and 30 mobile X-ray fluoroscopic systems from the Government of the Republic of Korea as part of humanitarian aid.

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Number of refugees from Ukraine in selected countries as of 30.11.2024

Number of refugees from Ukraine in selected countries as of 30.11.2024

Source: Open4Business.com.ua