Business news from Ukraine

Business news from Ukraine

Exports of ferrous metals from Ukraine increased by 3.8% to $1.82 bln

In January-July of this year, Ukrainian metallurgical companies increased their revenues from exports of ferrous metals by 3.8% compared to the same period last year, to $1 billion 816.128 million.

According to statistics released by the State Customs Service (SCS) on Tuesday, ferrous metals accounted for 7.79% of total export revenues during this period, compared to 7.73% in January-July 2024.

In July, export revenues amounted to $277.615 million, compared to $275.767 million in the previous month.

At the same time, Ukraine increased imports of similar products by 9.1% to $954.486 million in January-July 2025. In July, products worth $144.918 million were imported.

In addition, in January-July 2025, Ukraine increased exports of metal products by 2.6% to $568.849 million. In July, exports amounted to $57.062 million.

Imports of metal products during this period increased by 7.7% to $658.076 million. In July, these products were imported for $137.568 million.

As reported, in 2024, Ukrainian metal companies increased their revenues from exports of ferrous metals 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 exports of ferrous metals by 41.6% compared to 2022, to $2 billion 647.72 million, with ferrous metals accounting for 7.3% of total revenues from exports of goods 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.

 

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Scrap exports from Ukraine increased by 66%

In January-July 2025, Ukrainian enterprises increased exports of ferrous metal scrap by 66.4% compared to the same period last year, to 248,342 thousand tons from 149,229 thousand tons.

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

In monetary terms, scrap exports in January-July increased by 57.9% to $75.468 million from $47.801 million.

During this period, scrap exports were formally carried out mainly to Poland (82.17% of shipments in monetary terms), Greece (6.13%), and Italy (4.28%).

In the first seven months of the year, Ukraine imported 34 tons of scrap worth $12,000 from Poland (58.33%), the Seychelles (33.33%), and the British Virgin Islands (8.33%).

As reported, due to the sharp increase in exports of strategic raw materials from Ukraine, the Ministry of Economy 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 the supply of scrap on the domestic market of Ukraine.

In 2024, Ukraine’s scrap metal collection companies increased their exports of ferrous scrap by 60.7% compared to 2023, to 293,190 thousand tons from 182,465 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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Exports of ferroalloys from Ukraine increased by 60% in seven months

In January-July of this year, Ukraine increased exports of ferroalloys in physical terms by 60% compared to the same period last year, to 63,524 thousand tons from 39,691 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, in monetary terms, exports of ferroalloys increased by 48.2% to $71.345 million.

The main exports were to Algeria (26.78% of shipments in monetary terms), Poland (26.63%), and Turkey (22.22%).

In addition, in the first seven months of 2025, Ukraine imported 21,701 thousand tons of this product, a decrease of 66.4% compared to the same period in 2024. In monetary terms, imports fell by 60.2% to $42.576 million. Imports came mainly from Norway (20.95%), Kazakhstan (13.97%), and Armenia (9.83%).

As reported, the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and the Marganetsky Mining and Processing Plant (MGZK, both – 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.

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. The main exports were to Poland (27.40% of shipments 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 (an increase of 5.8 times). In monetary terms, imports increased 3.3 times, to $140.752 million from $42.927 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 GOK was organized by PrivatBank prior to the nationalization of the financial institution. The Nikopol Ferroalloy Plant is controlled by the EastOne group, which was 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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Manganese ore exports from Ukraine fell by 93% in January–July

In January–July of this year, Ukraine reduced its exports of manganese ore by 93.4% compared to the same period last year, to 2,977 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, exports fell by 92.5% in monetary terms, to $491 thousand.

The main exports were to Slovakia (94.30% of shipments in monetary terms) and Poland (5.70%).

During this period, there were no imports of manganese ore.

As reported, in January 2024, Ukraine exported 44,903 tons of manganese ore worth $6.563 million to the US, breaking a two-year hiatus in exports to foreign markets. In February-December 2024, there were no exports of manganese ore.

At the same time, in 2024, the country imported 84,293 tons worth $18.302 million from Ghana (98.85%), Brazil (0.99%), and Belgium (0.11%). In October-November, there were no imports.

Ukraine did not export manganese ore in 2022 and 2023, while in 2021 it exported 770 tons worth $89 thousand.

In addition, it was reported that the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant), which is part of the Privat Group, and the Marganetsky Mining and Processing Plant (MGZK, both in Dnipropetrovsk region) stopped mining and processing raw manganese ore in late October-early November 2023, while NZF and ZZF stopped smelting ferroalloys. Later, ferroalloy plants resumed production to a small extent.

Manganese ore is mined and enriched in Ukraine by the Pokrovsky and Marganets Mining and Enrichment Plants.

The consumers of manganese ore are ferroalloy enterprises.

 

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Exports of processed pig iron from Ukraine increased by 55% in seven months

In January-July of this year, Ukraine increased its exports of processed pig iron in physical terms by 55% compared to the same period last year, to 1 million 38.757 thousand tons from 669.982 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, during the period in question, exports of pig iron in monetary terms increased by 62% to $411.316 million.

Exports were mainly to the US (80.18% of shipments in monetary terms), Italy (10.16%), and Turkey (4.17%).

In the first seven months of the year, the country imported 29,000 tons worth $55,000 from Brazil (68.52%) and Germany (31.48%), while in January-July 2024, 15 tons of pig iron worth $35,000 were imported.

As reported, on March 12 of this year, in accordance with a decision by President Donald Trump, the US began imposing a 25% tariff on imports of Ukrainian steel products, except for pig iron.

In 2024, Ukraine reduced exports of processed pig 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 US (72.64% of shipments in monetary terms), Turkey (8.03%), and Italy (7.30%).

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

 

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Exports of titanium-containing ores from Ukraine fell by 93.6% in seven months

In January-July of this year, Ukraine reduced exports of titanium-containing ores and concentrates in physical terms by 93.6% compared to the same period last year, to 277 tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, in monetary terms, exports of titanium-containing ores and concentrates decreased by 93.1% to $496 thousand.

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 ores worth $39 thousand from China (94.87%, deliveries took place in January) and Uzbekistan (5.13%, deliveries took place in May) in the first seven months of 2025.

In addition, in the first seven 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 294 tons of such ores worth $774 thousand from Spain (67.35%), China (17.16%), and the Czech Republic (12.13%).

As reported, in 2024, Ukraine reduced 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 shipments 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 to discrepancies in statistics on exports of titanium-containing ores. However, in response to a request from Interfax-Ukraine, the State Customs Service (DMS) of Ukraine stated that complete data on exports 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 the UKTZED commodity code 2614 ”Titanium ores and concentrates” due to the following (…) In accordance with the provisions (…), when protecting data for confidentiality purposes, any information considered confidential shall be 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 State Customs Service, 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 Mezhyrichensky GZK and LLC Valky-Ilmenit (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 Birzulivskoye deposit with a capacity of 240,000 tons of ilmenite concentrate per year.

 

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