Business news from Ukraine

Business news from Ukraine

Ukraine increased aluminum exports by 29.3% in January-October

Exports of aluminum and aluminum products in the first ten months of 2024 increased by 29.3% compared to the same period last year to $105.559 million (in October – $12.243 million).
In 2023, exports of aluminum and aluminum products increased by 0.7% compared to 2022 to $97.616 million.
In January-October 2024, Ukraine increased imports of aluminum and aluminum products by 22.3% to $376.269 million (in October – $42.993 million).
In addition, in 2023, Ukraine increased imports of aluminum and aluminum products by 7.7% to $366.463 million.
Aluminum is widely used as a structural material. The main advantages of aluminum are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.

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Exports of ferroalloys from Ukraine decreased 5 times in 10 months

In January-October this year, Ukraine reduced exports of ferroalloys in physical terms by 5 times compared to the same period last year – to 66.260 thousand tons from 334.008 thousand tons.
According to the statistics released by the State Customs Service, exports of ferroalloys in monetary terms decreased by 3.7 times to $78.138 million from $288.958 million.
At the same time, the main exports were made to Poland (25.17% of supplies in monetary terms), Turkey (24.31%) and Italy (19.74%).
In addition, in January-October, Ukraine imported 77.556 thousand tons of these products compared to 6.790 thousand tons in January-October 2023 (an 11.4-fold increase). In monetary terms, imports increased 4.8 times to $131.192 million from $27.192 million.
Imports were mainly from Poland (35.03%), Norway (18.98%) and Kazakhstan (14.38%).
As reported, Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant) and Marganetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), both part of Privat Group, stopped mining and processing of crude manganese ore in late October and early November 2023, while NFP and ZFP stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.
In 2023, Ukraine decreased exports of ferroalloys in physical terms by 1.5% compared to 2022, to 344.173 thousand tons, while in monetary terms, exports of ferroalloys decreased by 47.2% to $297.595 million. The main exports were to Poland (52.79% of supplies in monetary terms), Turkey (14.13%) and the Netherlands (8.46%).
In addition, in 2023, Ukraine imported 14.203 thousand tons of these products, which is 30.9% less than in 2022. In monetary terms, imports decreased by 41% to $42.927 million. Imports were carried out mainly from Poland (23.94%), India (16.08%) and Armenia (14.35%).
Prior to the nationalization of the financial institution, PrivatBank organized the business of ZZF, NZF, Stakhanovsky ZF (located on the NKT), Pokrovske and Marganetske GOKs. Nikopol Ferroalloy Plant is controlled by EastOne Group, created in the fall of 2007 as a result of the restructuring of Interpipe Group, and Privat Group.

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Ukraine suspends manganese ore exports in February-October 2024

In February-October 2024, Ukraine continued to suspend manganese ore exports, which resumed in January this year after a two-year break.

According to statistics released by the State Customs Service (SCS), there were no exports of manganese ore in February-October, while in January 44,903 thousand tons were exported to the US for $6.563 million.

At the same time, in ten months of 2014, the country imported 84.275 thousand tons worth $18.212 million from Ghana (99.34%), Brazil (0.50%) and Belgium (0.12%), and there were no imports in October.

Import growth occurred in July and August of this year, when 17.811 thousand tons of manganese ore were imported in July, 10.017 thousand tons in August, and in September it increased to 56.447 thousand tons. Ukraine imported 44.202 thousand tons of manganese ore in 10 months of 2013.

As reported, Ukraine did not export manganese ore in 2022 and 2023, exported 770 tons for $89 thousand in 2021, and imported 44.203 thousand tons for $7.020 million in 2023.

In 2022, Ukraine reduced imports of manganese ore and concentrate in physical terms by 68.1% compared to the previous year, to 135,798 thousand tons, and in monetary terms by 66.4%, to $18.098 million. The main imports were from Ghana (99.16% of supplies in monetary terms), Slovakia (0.71%) and Belgium (0.10%). In August-November 2022, there were almost no imports of manganese ore.

In addition, it was reported that the Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant), a part of the Privat Group, and Marhanetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), in late October and early November, had been shutting down. ) stopped mining and processing crude manganese ore in late October and early November 2023, while NFP and ZFP suspended smelting of ferroalloys, and later ferroalloy enterprises slightly resumed production.

In Ukraine, Pokrovske and Marhanets mining and processing plants mine and enrich manganese ore.

Manganese ore is consumed by ferroalloy enterprises.

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Ukraine increased exports of semi-finished steel products by 62%

In January-October this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 61.8% year-on-year to 1 million 674,047 thousand tons.
According to statistics released by the State Customs Service, exports of carbon steel semi-finished products increased by 56.3% to $827.952 million in monetary terms.
The main exports were to Bulgaria (31.37% of supplies in monetary terms), Egypt (20.19%) and Turkey (10.39%).
In January-October 2024, Ukraine imported 15 tons of semi-finished products worth $33 thousand from Romania (60.61%) and Poland (24.24%), while in January-October 2023, it imported 92 tons of semi-finished products worth $169 thousand from China.
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.

Exports of titanium ores in Ukraine decreased by 43.7%

In January-October this year, Ukraine reduced exports of titanium ores and concentrate in physical terms by 43.7% year-on-year to 5.725 thousand tons.
According to statistics released by the State Customs Service, exports of titanium ore and concentrate in monetary terms decreased by 45% to $9.343 million.
At the same time, the main exports were made to Turkey (62.65% of supplies in monetary terms), Poland (8.56%) and Egypt (6.72%).
At the same time, experts emphasize the discrepancy between the statistics on titanium ore exports. 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 a titanium-containing ore).
In ten months of 2024, Ukraine imported 209 tons of titanium ore worth $326 thousand from China (90.80%) and Senegal (9.20%).
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%).
During this period, Ukraine imported 1 ton of such ore from the Netherlands for $2 thousand.
In Ukraine, titanium ores are currently mined mainly by the United Mining and Chemical Company (UMCC), which manages 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 Mezhyrichny 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 foreign exchange earnings from ferrous metals exports by 18.2%

In January-October of this year, Ukrainian steelmakers increased their revenues from ferrous metal exports by 18.2% year-on-year to $2 billion 665.40 million.
According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.7% of total export revenues during this period, compared to 7.6% in January-October 2023.
In October, revenues from exports of ferrous metals amounted to $265.72 million, while in the previous month – $332.83 million.
At the same time, Ukraine increased imports of similar products by 13.5% to $1 billion 251.91 million over ten months of this year. In October, the country imported products worth $129.45 million.
In addition, in January-October 2024, Ukraine increased exports of metal products by 5.7% to $799.01 million. In October, they were exported for $77.33 million.
Imports of metal products increased by 22.4% to $885.01 million during this period. In October, these products were imported for $98.53 million.
As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, while ferrous metals accounted for 7.3% of total revenues from exports of goods during this period, while in 2022 the share was 10.3%. In addition, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.05 million.
In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.92 million. At the same time, imports of metal products increased by 40.3% to $902.57 million during this period.

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