Business news from Ukraine

Business news from Ukraine

Metallurgical enterprises of Ukraine significantly reduced foreign exchange earnings from metal exports

Metallurgical enterprises of Ukraine in January-September of this year reduced revenues from the export of ferrous metals by 31% compared to the same period last year – up to $3 billion 965.813 million.

According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 11.99% of total merchandise export earnings over this period, compared to 21.33% in January-September 2021.

In September, proceeds from the export of ferrous metals amounted to $241.452 million.

At the same time, Ukraine in January-September of this year reduced imports of similar products by 38.2% – to $667.329 million. In September, it was imported for $108.237 million.

In addition, during the specified period, Ukraine reduced the export of metal products by 25.4% – to $805.118 million. In September, they were delivered for $337.429 million.

Imports of metal products in January-September decreased by 40.7% – to $467.689 million (in September – $54.5 million).

As reported, Ukraine in 2021 increased foreign exchange earnings from exports of ferrous metals by 81.4% compared to 2020, to $13 billion 951.117 million. Ferrous metals accounted for 20.49% of total revenues from exports of goods over this period against 15 .63% for 2020.

At the same time, Ukraine increased imports of similar products by 48.8% in 2021, to $1 billion 547.477 million.

In addition, Ukraine in 2021 increased the export of metal products by 43% – up to $1 billion 293.199 million.

Imports of metal products over the past year increased by 28% – up to $1 billion 125.908 million.

NIKOPOL FERROALLOY PLANT INCREASES PRODUCTION BY MORE THAN 15% IN FIRST QUARTER

Nikopol Ferroalloy Plant (NZF, Dnepropetrovsk region) in January-March of this year increased its output by 15.5% compared to the same period last year – up to 148.93 thousand tons.

As Interfax-Ukraine was informed by the Ukrainian Association of Ferroalloy Producers (UkrFA), for 3 months. NFP increased the production of silicomanganese by 22.7% – up to 143.48 thousand tons, but reduced ferromanganese and other ferroalloys – by 54.7%, to 5.45 thousand tons (including ferromanganese produced 4.97 thousand tons ).

As reported, in 2021 NFP increased its output by 26% compared to the previous year – up to 646.68 thousand tons. At the same time, the plant increased the production of silicomanganese by 28% – up to 600.64 thousand tons, ferromanganese – by 4.9%, up to 46.04 thousand tons.

The average monthly output of ferroalloys with the stable operation of the enterprise is about 55-60 thousand tons.

NZF is the largest enterprise in Ukraine for the production of silico- and ferromanganese. Uses imported and domestic raw materials for the production of ferroalloys.

NZF is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group (both Dnipro).

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UKRAINE IS NOT ONLY AGRICULTURE, METALLURGY, FOOD, IT’S ALSO IT INDUSTRY – VOLODYMYR ZELENSKY

President of Ukraine Volodymyr Zelensky is convinced that Ukraine should be associated not only with agriculture, mines and metallurgy, beautiful people, nature and food, but also with the IT industry. “There has always been a vision for everyone in the world that Ukraine is, above all, agriculture, mines, metallurgists, and tourists have always said that Ukraine is very beautiful, food here is very tasty and people are very beautiful, especially women. Yes, that’s it and it remains our brand, but there are other figures that indicate that the IT industry, IT technologies and companies are developing very quickly in Ukraine,” he said during a visit to Station F, the world’s largest startup campus, in Paris.
According to Zelensky, more than 4% of Ukraine’s GDP is now formed through the IT industry. “We have about 150,000 IT specialists, startup initiators in Ukraine. I think that we will develop in this direction,” he said.
Zelensky noted that in Ukraine there is no such campus for startups yet, but they will work on it. “We have a lot of factories, which, unfortunately, do not work. We will definitely find such a large building,” he said.

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