Business news from Ukraine

Business news from Ukraine

Exports of semi-finished steel products from Ukraine fell by 39%

In January-August of this year, Ukraine reduced exports of semi-finished carbon steel products in physical terms by 39.1% compared to the same period last year, to 795,769 thousand tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, exports of carbon steel semi-finished products fell by 40.8% to $384.215 million.

The main exports were mainly to Bulgaria (39.36% of supplies in monetary terms), Turkey (16.42%), and Poland (14.38%).

During this period, Ukraine imported 46,604 thousand tons of semi-finished products worth $35.242 million, mainly from Oman (38.41%), Germany (26.24%), and the Czech Republic (18.61%), while in the first eight months of 2024, it imported 5 tons of semi-finished products worth $5 thousand.

As reported, in 2024, Ukraine increased its exports of semi-finished carbon steel products in physical terms by 56.7% compared to 2023, to 1 million 886,090 tons, while revenue in monetary terms increased by 52.4% to $927.554 million. The main exports were to Bulgaria (32.06% of supplies in monetary terms), Egypt (18.50%), and Turkey (11.14%).

In 2024, Ukraine imported 306 tons of semi-finished products worth $278 thousand from the Czech Republic (88.13%), Romania (7.19%), and Poland (2.88%), while in 2023, it imported 96 tons worth $172 thousand.

 

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Cast iron exports from Ukraine increased by 65% in January-August

In January-August of this year, Ukraine increased its exports of processed cast iron in physical terms by 64.9% compared to the same period last year, to 1 million 235,648 thousand tons.

According to statistics released by the State Customs Service (SCS), during the specified period, pig iron exports in monetary terms increased by 70.3% to $487.923 million.
At the same time, exports were mainly to the United States (81.66% of shipments in monetary terms), Italy (9.24%), and Turkey (3.51%).

In the first eight months of this year, the country imported 38,000 tons worth $76,000 from Germany (51.32%) and Brazil (48.68%), while in January-August 2024, 15 tons of pig iron worth $37,000 were imported.
As reported, on March 12 of this year, in accordance with President Donald Trump’s decision, the US began imposing a 25% tariff on imports of Ukrainian steel products, except for cast iron.

In 2024, Ukraine reduced its exports of processed cast iron in physical terms by 3.4% compared to 2023, to 1 million 290.622 thousand tons, and in monetary terms by 6.1%, to $500.341 million. Exports were mainly to the United States (72.64% of shipments in monetary terms), Turkey (8.03%), and Italy (7.30%).

For the whole of 2024, the country imported 38 tons of pig iron worth $90 thousand from Germany, while for the same period in 2023, it imported 154 tons of pig iron worth $156 thousand.

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Exports of titanium-containing ores from Ukraine fell by 94% in January-August

In January-August of this year, Ukraine reduced exports of titanium-containing ores and concentrates in physical terms by 94.2% compared to the same period last year, to 277 tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, exports of titanium-bearing ores and concentrate decreased by 93.7% to $496,000.

The main exports were to Uzbekistan (35.61% of shipments in monetary terms), Turkey (35.01%), and Egypt (29.38%).

In addition, Ukraine imported 24 tons of titanium-containing ore worth $39,000 from China (94.87%, deliveries took place in January) and Uzbekistan (5.13%, deliveries took place in May) in the first eight months of 2025.

In the first eight months of 2025, Ukraine exported 2,466 tons of niobium, tantalum, vanadium, and zirconium ores and concentrates worth $3.954 million to Spain (48.90%), Germany (24.53%), and Italy (17.19%). At the same time, the country imported 321 tons of such ores worth $841 thousand from Spain (68.05%), China (15.8%), and the Czech Republic (13.06%).

As reported, in 2024, Ukraine reduced its exports of titanium-containing ores in physical terms by 37.5% compared to the previous year, to 7,284 thousand tons. In monetary terms, exports of titanium-containing ores and concentrates decreased by 40% to $11.654 million. The main exports were to Turkey (62.82% of supplies in monetary terms), Egypt (7.38%), and Poland (6.93%).

Last year, Ukraine imported 314 tons of titanium-containing ore worth $492 thousand from China (87.78%), Vietnam (6.11%), and Senegal (also 6.11%).

At the same time, experts pointed out the inconsistency of statistics on exports of titanium-containing ores. However, in response to a request from Interfax-Ukraine, the State Customs Service (SFS) of Ukraine stated that complete data on the export of titanium raw materials is not provided due to restrictions on the volume of export and import operations with military and dual-use goods, which are reflected in aggregate form under “Other goods.”

They explained that, in particular, deliveries of titanium-containing ores from companies differ from the SCS data.

“We would like to inform you that these deliveries are included in the statistical exports from Ukraine, but are not reflected in the foreign trade statistics published by the State Customs Service (…) under commodity item UKTZED 2614 ”Titanium ores and concentrates” in view of the following (…) In accordance with the regulations (…), when protecting data for confidentiality purposes, any information considered confidential is reported in full at the next, higher level of product data aggregation,” the State Customs Service explained in its response to the agency.

It was clarified that information on customs clearance and movement across the customs border of Ukraine of goods subject to export control is included in the list of information containing official information in the SSU, in accordance with the relevant order.

In Ukraine, titanium-containing ores are currently mined mainly by PJSC “United Mining and Chemical Company” (UMCC), which manages the Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipropetrovsk region) and the Irshansk Mining and Processing Plant (IGZK, Zhytomyr region), as well as LLC “Mezhirichensky GZK” and LLC “Valky-Ilmenite” (both LLCs are located in Irshansk, Zhytomyr region). In addition, the production and commercial firm Velta (Dnipro) built a mining and processing plant at the Birzulivskyi deposit with a capacity of 240,000 tons of ilmenite concentrate per year.

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Exports of iron ore raw materials from Ukraine fell by 7% in 8 months

In January-August of this year, Ukrainian mining companies reduced their exports of iron ore raw materials (IORM) by 7% in real terms compared to the same period last year, from 23 million 318,681 thousand tons to 21 million 679,221 thousand tons.

According to statistics released by the State Customs Service (SCS), foreign currency proceeds from iron ore exports decreased by 19.6% during this period, from $2 billion 32.671 million to $1 billion 633.454 million.

Exports of raw materials were mainly to China (43.71% of shipments in monetary terms), Slovakia (17.72%), and Poland (16.87%).

In addition, in January-August 2025, Ukraine imported mineral resources worth $58 thousand in the amount of 86 tons from Italy (40.35%), the Netherlands (36.84%), and Norway (22.81%), while in the same period last year it imported 794 tons worth $223,000.

As reported, in 2024, Ukraine increased its exports of raw materials by 89.8% compared to 2023, to 33 million 699.722 thousand tons, and foreign exchange earnings grew by 58.7%, to $2 billion 803.223 million UAH.

In 2024, Ukraine imported mineral resources worth $414,000 in a total volume of 2,042 tons, while in 2023, 250 tons of these raw materials were imported worth $135,000.

In 2023, Ukraine reduced its exports of raw materials by 26% in real terms compared to 2022, to 17 million 753,165 tons.

Foreign exchange earnings amounted to $1 billion 766.906 million (a decrease of 39.3%). Raw materials worth $135 thousand were imported, totaling 250 tons.

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Scrap exports from Ukraine increased by 59% in January-August

In January-August 2025, Ukrainian enterprises increased exports of ferrous metal scrap by 59.3% compared to the same period last year, from 177,654 thousand tons to 283,055 thousand tons.

According to statistics released by the State Customs Service (SCS), 34,713 thousand tons were exported in August, 44,842 thousand tons in July, a record 47,691 thousand tons in June, 28.6 thousand tons in May, 46,321 thousand tons in April, 39,908 thousand tons in March, 25,284 thousand tons in February, and 15,696 thousand tons in January.

In monetary terms, scrap exports in January-August increased by 49.7% to $85.400 million from $57.041 million.

During this period, scrap exports were formally carried out mainly to Poland (82.1% of shipments in monetary terms), Greece (6.48%), and Italy (4.37%).

In the first eight months of this year, Ukraine imported 34 tons of scrap worth $13,000 from Poland (53.85%), the Seychelles (30.77%), and the British Virgin Islands (7.69%).

As reported, due to the sharp increase in exports of strategic raw materials from Ukraine, the Ministry of Economy, Environment and Agriculture initiated the introduction of a licensing and quota regime for scrap exports with a zero quota. A public discussion of the draft resolution is currently underway. Its implementation is expected to contribute to the smooth operation of Ukraine’s metallurgical and foundry industries, as well as to stabilize the situation with regard to meeting the demand for scrap on the domestic market of Ukraine.

In 2024, Ukraine’s scrap collection companies increased their exports of ferrous metal scrap by 60.7% compared to 2023, from 182,465 thousand tons to 293,190 thousand tons. In monetary terms, scrap exports for the year increased by 73.2% to $91.311 million from $52.723 million.

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Ferroalloy exports from Ukraine increased by 40% in January–August

In January–August of this year, Ukraine increased its ferroalloy exports in physical terms by 39.7% compared to the same period last year, from 52,806 thousand tons to 73,774 thousand tons.

According to statistics released by the State Customs Service (SCS), in monetary terms, ferroalloy exports increased by 29.5% to $82.611 million.

The main exports were to Poland (28.92% of shipments in monetary terms), Algeria (23.13%), and Turkey (19.31%).

In addition, in the first eight months of 2025, Ukraine imported 27,270 thousand tons of this product, a decrease of 59.7% compared to the same period in 2024. In monetary terms, imports fell by 54.1% to $51.843 million. Imports were mainly from Norway (22.96%), Kazakhstan (11.81%), and France (10.72%).

As reported, the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and the Marganetsky Mining and Processing Plant (MGZK, both in Dnipropetrovsk region), which are part of the Privat Group, stopped mining and processing raw manganese ore in late October-early November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.

PGZK and MGZK did not produce any products in 2024, while in 2023, PGZK produced 160.31 thousand tons of manganese concentrate, and MGZK was idle.

In 2024, Ukraine reduced its exports of ferroalloys in physical terms by 4.45 times compared to 2023, to 77,316 thousand tons from 344,173 thousand tons. in monetary terms, exports fell 3.4 times – to $88.631 million from $297.595 million. At the same time, the main exports were to Poland (27.40% of supplies in monetary terms), Turkey (21.53%), and Italy (19.82%).

In addition, last year Ukraine imported 82,259 thousand tons of this product compared to 14,203 thousand tons in 2023 (a 5.8-fold increase). In monetary terms, imports increased 3.3 times, from $42.927 million to $140.752 million. Imports were mainly from Poland (32.71%), Norway (19.55%), and Kazakhstan (13.90%).

The business of ZZF, NZF, Stakhanov ZF (located at NKT), Pokrovsky and Marganetsky GZK was organized by PrivatBank prior to the nationalization of the financial institution. The Nikopol Ferroalloy Plant is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group.

 

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