Ukrainian metal companies in January-March 2021 increased earnings from exports of ferrous metals by 30% compared to the same period last year, to $2.67 billion.
According to updated statistics released by the State Customs Service, in March, earnings from exports of ferrous metals amounted to $1.16 billion.
At the same time, Ukraine reduced imports of similar products by 4.5% in January-March 2021, to $214.2 million. In March, this figure was $92.68 million.
In addition, Ukraine increased exports of metal products by 10.7% in the first three months of 2021, to $229.46 million. In March, their export amounted to $90.79 million.
During this period, imports of metal products increased by 7.7%, to $207.94 million. In March, they were imported for $82.66 million.
As reported, in 2020, Ukrainian metal companies reduced earnings from exports of ferrous metals by 12% compared to the previous year, to $7.690 billion. At the same time, Ukraine in 2020 reduced imports of similar products by 17%, to $1.040 billion.
Ukrainian enterprises in 2020 increased the consumption of rolled metal by 4.4% compared to the previous year, to 4.904 million tonnes.
According to a press release from the Ukrmetalurgprom association, in 2020, some 1.228 million tonnes, or 25.4% of the domestic market for the consumption of rolled metal were imported.
“For the period January-December 2020, the capacity of the domestic market amounted to 4.904 million tonnes of rolled metal, of which 1.228 million tonnes, or 25.4%, accounted for imports. For the same period of 2019, the capacity of the domestic market was 4.697 million tonnes, of which 1.419 million tonnes, or 30.2%, were imported. Thus, for the 12 months of 2020, there is an increase in the capacity of the domestic market of rolled metal by 4.4% compared to January-December 2019, with a simultaneous a decrease in the import share by 5.2%,” the press release said.
In addition, it is reported that the import structure of 2020 is characterized by the domination of flat-rolled products over long products (55.84% and 42.93%, respectively), which is almost equal to the import structure in 2019 (some 55.21% and 41.87%, respectively).
According to Ukrmetalurgprom, in 2020, Ukrainian metallurgical enterprises produced 18.43 million tonnes of rolled metal (101.2% compared to 2019), of which, according to ETR-Spectr LLC, about 14.75 million tonnes or 80% were exported. In 2019, the export share was 82% (some 14.94 million tonnes with a total production of 18.21 million tonnes of rolled metal).
The share of semi-finished products in export deliveries in 2020 accounted for 50.77%, which is slightly higher than in 2019 (some 47.18%). Share of flat-rolled products in export deliveries in 2020 is almost equal to the indicator of 2019 (some 32.51% and 32.80% respectively). The share of long products in export deliveries last year is noticeably lower to the 2019 indicator (16.71% in 2020 versus 20.02% in 2019).
According to ETR-Spectr LLC, the main export markets for Ukrainian metal products in 2020 were the European Union (28.5%), other European countries (14.5%) and Asian countries (14.2%).
Among metallurgical importers in 2020 the first place is occupied by the CIS countries (38.5%), the second is the EU-28 (24.5%), and the third is Asian countries (20.5%).
Metal Holding Trade LLC, one of the largest metal trading companies in Ukraine, in 2019 reduced its net profit by 63.9%, to UAH 30.425 million compared to the previous year.
According to the company’s annual report in the information disclosure system of the National Securities and Stock Market Commission, in 2019 the company increased its net income by 1.8%, to UAH 3.676 billion.
Retained earnings by the end of the year amounted to UAH 443.456 million.
Metal Holding Trade LLC (Kyiv) is engaged in the wholesale trade of metals, and the production of metal structures.
The founders and participants of the holdings are three individuals: Serhiy Loichenko, who owns a 75% stake, Oleh Melnyk with 12.5% and Volodymyr Poberezhniuk with 12.5%.
The charter capital of the company is UAH 4.020 million.
Ukrainian metal companies saw a fall of 18.3% in foreign currency revenues from exports of ferrous metals in January-August 2020 year-over-year, to $5.212 billion.
According to customs statistics published by the State Customs Service, the share of ferrous metals of total income from exports was 16.7% compared to 19.08% from a year ago.
In August 2020 alone, receipts from ferrous metal exports amounted to $633.953 million.
In January-August 2020, Ukraine decreased imports of similar products by 23.9%, to $652.238 million. In August 2020, the figure was $93.758 million.
Through the aforementioned period, Ukraine decreased metal products exports by 16.3%, to $597.324 million including August deliveries being $69.511 million.
During this period, imports of metal products fell by 24.3%, to $552.072 million, including August imports worth $81.931 million.
As reported, in 2019, Ukraine saw its forex earnings from ferrous metal exports fall by 12.1%, to $8.739 billion. Ukraine saw imports of these products decrease by 6.9%, to $1.252 billion.
Ukraine experienced a 6.1% decline in metal products exports, up to $1.042 billion. Metal imports grew by 13.6% last year, to $1.099 billion.
Ukrainian enterprises increased the consumption of metal by 9.99% in January-July of this year compared to the same period last year, to 2.54 million tonnes.
According to Ukrmetallurgprom association’s press release published on August 18, a total of 644,400 tonnes, or 25.4% of the domestic metal consumption market, were imported in the first seven months of the year.
“In January-July 2020, 2.54 million tonnes of rolled metal were delivered to domestic consumers, of which 644,400 tonnes, or 25.4%, were imported. During the same time in 2019, the home market capacity was 2.3 million tonnes, of which 826,700 tonnes, or 35.8%, were imported. For seven months of 2020, there was an increase in the domestic rolled metal market capacity compared to January-July 2019 by 10% with a simultaneous decrease in the share of the imported component by 10.4%,” the association said in the press release.
According to Ukrmetallurgprom, in January-July 2020, Ukrainian metal enterprises produced 10.65 million tonnes of rolled metal (96.9% compared to the same period in 2019), of which about 8.75 million tonnes or 82.2% were exported, according to information from ETR-Spectrum LLC.
The share of semi-finished products of export deliveries in January-July 2020 accounted for 49.31%, which noticeably exceeds the indicator for the period January-July 2019 (45.49%). The share of flat products of export deliveries in the first seven months of 2020 is slightly lower than in the same period in 2019 (32.71% and 33.92%, respectively). The share of long steel of export deliveries in January-July 2020 is significantly lower than in January-July 2019 (17.97% in 2020 against 20.6% in 2019).
The main export markets for Ukrainian metal products in January-July 2020, according to ETR-Spectrum LLC, were the countries of the European Union (28.4%), Africa (14.1%) and Asia (13.9%).
Among the metallurgical importers in January-July 2020, the CIS was at the first place (35.8%), the EU-28 was the second (25.4%), and the Asian countries third (20.1%).
Ukrainian enterprises increased the consumption of metal by 3.26% in January-May of this year compared to the same period last year, to 1.66 million tonnes.
According to an Ukrmetallurgprom association press release published on Friday, 434,700 tonnes, or 26.2% of the domestic metal consumption market, were imported in the first five months of the year.
“In January-May 2020, 1.66 million tonnes of rolled metal were delivered to domestic consumers, of which 434,700 tonnes, or 26.2%, were imported. For five months of 2020, there was an increase in the consumption of rolled metal in the domestic market compared to January-May 2019 by 3.26% with a simultaneous decrease in the share of the imported component by 7.6%,” the association said in the press release.
According to Ukrmetallurgprom, in January-May 2020, Ukrainian metal enterprises produced 7.43 million tonnes of rolled metal (93.8% compared to the same period in 2019), of which about 6.21 million tonnes or 83.5% were exported, according to information from ETR-Spectrum LLC.
The share of semi-finished products of export deliveries in January-May 2020 accounted for 49.74%, which exceeds the indicator for the period January-May 2019 (45.38%). The share of flat products of export deliveries in the first five months of 2020 is slightly lower than in the same period in 2019 (32.05% and 34.00%, respectively). The same picture is observed with regard to long products – 18.21% in January-May 2020 compared with 20.62% for the same period in 2019.
The main export markets for Ukrainian metal products in January-May 2020, according to ETR-Spectrum LLC, were the countries of the European Union (31.1%), Africa (14.8%) and other European countries (14.1%).
Among the metallurgical importers in January-May, the CIS was at the first place (39.1%), the EU-28 was the second (26.1%), and the Asian countries third (18.0%).
