Business news from Ukraine

Business news from Ukraine

Ukrainian enterprises reduced export of ferrous scrap by 12.9 times

Ukrainian enterprises in January-September of this year reduced the export of ferrous scrap by 12.9 times compared to the same period last year – up to 35.275 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, the export of scrap metal over this period decreased by 13.9 times – to $12.640 million.
At the same time, over nine months, the country reduced the import of scrap metal in physical terms by 11.1 times – up to 1,554 thousand tons. In monetary terms, the import of scrap decreased 9.7 times to $3.279 million.
The import of scrap metal in January-September was carried out mainly from Turkey (78.87% of deliveries in monetary terms), the Russian Federation (14.09%) and Cyprus (5.4%); export – to Turkey (59.42%), Poland (15.34%) and Germany (9.41%).
In addition, in January-September 2022, Ukrainian steel enterprises did not import products of direct reduction of iron from ore under code 7203 – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal, but exported 258 tons of these products to India (100%) in the amount of $48 thousand
As reported, Ukraine in 2021 increased the export of scrap metal by 17.2 times compared to the previous year – up to 615.687 thousand tons. In monetary terms, the export of scrap metal increased 25.2 times – up to $238.895 million.
In 2021, the country reduced the import of scrap metal in physical terms by 13.1% to 22.964 thousand tons. In monetary terms, the import of scrap increased by 72.4% to $44.883 million.
The import of scrap metal in 2021 was carried out mainly from Turkey (60.42% of deliveries in monetary terms), the Russian Federation (33.44%) and Belarus (1.57%); export – to Turkey (84.85%), Romania (6.66%) and Poland (3.45%).
In addition, Ukrainian steel enterprises in 2021 imported from the Russian Federation 1,603 thousand tons of products of direct reduction of iron from ore under code 7203 – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal, in the amount of $653 thousand, while in 2020 – 2,648 thousand tons for $805 thousand. At the same time, the export of these products to India amounted to 288 tons for $91 thousand.

,