Business news from Ukraine

Business news from Ukraine

UKRAINE INCREASES FX EARNINGS FROM EXPORTS OF FERROUS METALS IN JAN

Metallurgical enterprises of Ukraine in January this year increased receipts from exports of ferrous metals by 4.5% compared to the same period last year, to $745.530 million.

According to updated statistics released by the State Customs Service on Tuesday, ferrous metals for this period accounted for 18.98% of total revenues from exports of goods versus 17.16% in the first month of last year.

In December, revenues from exports of ferrous metals amounted to $714.503 million.

At the same time, in January this year, Ukraine reduced imports of similar products by 10.6%, to $57.732 million. In December, this figure was $87.321 million.

In addition, in January 2021, Ukraine cut exports of metal products by 0.5%, to $63.522 million. In December, metal products for $84.921 million were delivered.

During this period, imports of metal products decreased 6.6%, to $52.909 million. In December, metal products for $82.833 million were imported.

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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