Business news from Ukraine

UKRAINIAN METAL COMPANIES SEE 9.4% FALL IN FOREX EARNINGS FROM FERROUS METAL EXPORTS

Ukrainian metal companies saw a fall of 9.4% in foreign currency revenues from exports of ferrous metals in January-July 2019 year-over-year, to $5.615 billion.
According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 19.53% compared to 23.07% from a year ago.
In July 2018 alone, receipts from ferrous metal exports amounted to $818.213 million.
In January-July 2018, Ukraine decreased imports of similar products by 1.4%, to $741.440 million including imports reaching $140.422 million in July.
In January-July 2018, Ukraine decreased metal products exports by 0.1%, to $637.494 million including July deliveries being $103.106million. During this period, imports of metal products grew by 24.6%, to $627.461 million, including July imports worth $99.058 million.
As reported, in 2018 Ukraine saw its forex earnings from ferrous metal exports rise by 23.8%, to $9.937 billion. Ukraine saw imports of these products increase by 20.4%, to $1.367 billion.
Ukraine experienced a 23.8% rise in metal products exports, up to $1.11 billion. Metal imports grew by 19.9% last year, to $967.674 million.

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UKRAINE’S PROFITS FROM FERROUS METALS EXPORTS EXCEEDS $7 BLN IN JAN-AUG 2018

Ukrainian metal companies saw a growth of 27.7% in foreign currency revenues from exports of ferrous metals in January-August 2018 year-over-year, to $7.001 billion. According to customs statistics published by the State Fiscal Service, the share of ferrous metals of total income from exports was 22.65% compared to 19.93% from a year ago.
In August 2018 alone, receipts from ferrous metal exports amounted to $803.263 million.
In January-August 2018, Ukraine increased imports of similar products by 25.7%, to $896.765 million including imports reaching $144.565 million in August. In January-August 2018, Ukraine increased metal products exports by 32%, to $729.444 million including August deliveries being $91.404 million. During this period, imports of metal products grew by 19.9%, to $598.239 million, including August imports worth $94.603 million.
As reported, in 2017 Ukraine saw its forex earnings from ferrous metal exports rise by 20%, to $8.666 billion. Ukraine saw imports of these products increase by 42%, to $1.135 billion. Ukraine experienced a 30% rise in metal products exports, up to $896.7 million. Metal imports grew by 25% last year, to $806.8 million.

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UKRAINE INCREASES PRODUCTION OF PIPES FROM FERROUS METALS BY 8.6%

Ukraine in January-June 2018 increased production of pipes from ferrous metals by 8.6% compared to the same period in 2017, to 544,000 tonnes, including 96,000 tonnes in June. The Ukrtruboprom association told Interfax-Ukraine, the enterprises of the association for the first six months of the year raised pipe production by 20.8%, to 406,000 tonnes, in June by 71,000 tonnes.
Khartsyzsk Pipe Plant (Donetsk region), located in the temporarily uncontrolled areas, was idle in January-June 2018, while in January-June 2017 it produced 3,400 tonnes of goods. The output of pipes at Interpipe Nyzhniodniprovsky Pipe Rolling Plant increased by 22%, to 149,200 tonnes, Interpipe Novomoskovsk Pipe Plant by 8.5%, to 51,000 tonnes, Interpipe Niko Tube by 31.2%, to 182,600 tonnes. Dnipropetrovsk Pipe Plant reduced output of pipes by 14.9%, to 9,700 tonnes, Centravis rose the figure by 14.8%, to 10,100 tonnes of stainless pipes. Trubostal plant kept the output of pipes at the level of the previous year, at 1,500 tonnes of pipes.

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