Business news from Ukraine

Ukraine increased exports of semi-finished steel products by 71.5%

In January-May this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 71.5% year-on-year to 768.207 thousand tons.

According to statistics released by the State Customs Service (SCS) on Thursday, exports of carbon steel semi-finished products increased by 55.6% to $381.078 million in monetary terms.

The main exports were made to Bulgaria (36.67% of supplies in monetary terms), Poland (12.46%) and Italy (9.88%).

In January-May 2024, Ukraine imported 5 tons of semi-finished products from Egypt for $5 thousand, while in January-May 2023, it imported 72 tons of semi-finished products from China for $133 thousand.

As reported, in 2023, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) worth $172 thousand.

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% in monetary terms to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In 2022, Ukraine imported 5,558 thousand tons of similar products, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were made from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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Ukraine almost doubles exports of semi-finished steel products

In January-April this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 96.9% year-on-year to 583,229 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of carbon steel semi-finished products increased by 82.2% to $288.324 million in monetary terms.

The main exports were made to Bulgaria (37.50% of supplies in monetary terms), Poland (15.84%) and Italy (7.74%).

In January-April 2024, Ukraine imported 5 tons of semi-finished products from Egypt for $5 thousand, while in January-April 2023, it imported 72 tons of semi-finished products from China for $133 thousand.

As reported, in 2023, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) for $172 thousand.

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% in monetary terms to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In 2022, Ukraine imported 5,558 thousand tons of similar products, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were made from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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“Zaporizhstal” intends to improve quality of steel products

Zaporizhstal Iron and Steel Works intends to implement a number of measures to improve the quality of rolled metal products in the near future.

According to the company, Zaporizhstal hosted Metinvest’s Customer Focus Conference, where representatives of the company’s relevant departments and enterprises discussed projects to improve the quality of steel products.

“Zaporizhstal was not chosen as a venue for the conference by chance, as today the plant is one of the key metal producers in Ukraine. In fact, by the end of 2023, every second ton of Ukrainian steel was produced at Zaporizhstal. This demonstrates the scale and role of the enterprise for the national mining and metals industry, but at the same time requires even greater responsibility from Zaporizhzhia steelmakers in terms of quality and customer focus,” the company said in a statement.

It is also specified that the conference resulted in a number of applied solutions to achieve and maintain consistently high quality of Zaporizhstal’s rolled steel products, which will be implemented in the near future.

As reported, Zaporizhstal has spent over UAH 1.2 billion since the start of the full-scale invasion to upgrade production equipment and wastewater treatment facilities at the complex. At the same time, in 2023, the plant invested UAH 750 million in projects to maintain the stability and reliability of the company’s main technological facilities, which is half as much as in 2022, with an investment volume of UAH 500 million.

During the full-scale invasion, the program focused on maintaining and updating equipment to ensure its reliable operation in unforeseen conditions.

In 2024, Zaporizhstal plans to implement a capital investment program totaling about one billion hryvnias. The program is aimed at maintaining and modernizing equipment, implementing functional programs for occupational health and safety, information technology, and social sphere.

“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries around the world.

“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management PrJSC (71.24%) and Smart Holding Group (23.76%).

Metinvest Holding LLC is the management company of Metinvest Group.

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Ukraine did not import semi-finished steel products in January-February 2024

According to statistics, Ukraine did not import semi-finished steel products in January-February 2014, as it did in January-February 2013.
However, in 2023, Ukraine imported this type of product, but in small volumes. In 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%), totaling $172 thousand.
At the same time, in 2022, the country imported 5,558 thousand tons of similar products, which is 85.7% less than in 2021.
In monetary terms, imports decreased by 86% to $3.634 mln. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

Ukraine increased exports of semi-finished steel products by 3.4 times, with Bulgaria as main market

In January-February this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 3.38 times compared to the same period last year, to 364.162 thousand tons.

According to statistics released by the State Customs Service on Wednesday, exports of carbon steel semi-finished products increased 3.1 times in monetary terms to $175.088 million.

The main exports were to Bulgaria (33.46% of supplies in monetary terms), Poland (17.70%) and the Dominican Republic (8.21%).

As reported, in 2023, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% to $1 billion 191.279 million in monetary terms. The main exports were to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

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Ukrainian metallurgical enterprises increased exports of steel products to $152 mln in January-February

In January-February 2024, Ukrainian metallurgical enterprises increased their exports of steel products by 3.7% to $152.383 million. In February, they were exported for $88.056 million.

According to statistics released by the State Customs Service, imports of metal products increased by 33.4% to $144.769 million. In February, these products were imported for $72.123 million.

As reported earlier, in 2023, Ukraine’s steelmaking companies reduced revenues from exports of ferrous metals by 41.59% compared to 2022, to $2 billion 647.722 million, with ferrous metals accounting for 7.32% of total revenues from exports of goods in this period, while in 2022 the share was 10.26%. At the same time, in 2023, Ukraine increased imports of similar products by 37% to $1 billion 307.046 million.

In addition, last year, Ukraine reduced exports of metal products by 16.6% year-on-year to $877.916 million. At the same time, imports of metal products increased by 40.3% to $902.565 million during this period.

In 2022, Ukraine decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 billion 533.088 million. During this period, ferrous metals accounted for 10.26% of total revenues from exports of goods, compared to 20.49% in 2021. At the same time, in 2022, Ukraine reduced imports of similar products by 38.3% to $954.387 million.

In addition, in 2022, Ukraine reduced exports of metal products by 18.6% to $1 billion 52.512 million. Imports of metal products fell by 42.9% to $643.162 million over the year.

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