Business news from Ukraine

Ukraine cuts exports of semi-finished steel products in tons by 40%

In January-October this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 40.4% year-on-year to 1 million 34,588 thousand tons.

According to the statistics released by the State Customs Service (SCS), exports of semi-finished carbon steel products amounted to $529.584 million in monetary terms over the period (down 51.6%).

The main exports were made to Bulgaria (35.42% of supplies in monetary terms), Poland (23.85%) and Italy (9.97%).

In January-October, Ukraine imported 92 tons of semi-finished products from China worth $169 thousand, while in September-October, no imports were made.

As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year, to 1 million 899.729 thousand tons, and in monetary terms by 70.9%, 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 addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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Ukraine has reduced output of steel products by 40%

Ukrainian metallurgical enterprises in January-June this year reduced production of general rolled products, according to operational data, by 41% compared to the same period last year – up to 2.375 million tons.
According to the Ukrmetallurgprom association on Saturday, steelmaking in the first six months of this year decreased by 37.7% compared to January-June-2022 – to 2.829 million tons.
Iron smelting for this period decreased by 37.5% to 2.836 million tons.
As reported, Ukraine in the first five months of 2023 reduced output of rolled products by 47.8% compared to the same period last year – to 1.982 million tons, steel by 43.7% to 2.392 million tons, pig iron by 43.9% to 2.350 million tons.
Ukraine in 2022 reduced production of total rolled products by 72% year-on-year to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.
For 2021, 21.165 million tons of pig iron (103.6% by 2020), 21.366 million tons of steel (103.6%), 19.079 million tons of rolled products (103.5%) were produced.

Ukraine reduced exports of semi-finished steel products by 4 times

In January-April this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 3.9 times compared to the same period last year, to 296,132 thousand tons.
According to the statistics released by the State Customs Service (SCS), in monetary terms, exports of carbon steel semi-finished products amounted to $158.256 million in the period, down 4.5 times.
The main exports were made to Poland (40.53% of supplies in monetary terms), Bulgaria (15.87%) and the Dominican Republic (9.21%).
In January-April, Ukraine imported 72 tons of semi-finished products from China worth $133 thousand.
As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year – to 1 million 899.729 thousand tons, and in monetary terms by 70.9% – 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 addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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Ukraine cuts exports of semi-finished steel products by more than 5 times

Ukraine in January-March this year, Ukraine reduced the export of semi-finished carbon steel products in volume terms by 5.4 times compared to the same period last year – to 194.469 thousand tons.
According to statistics released by the State Customs Service (SCS), exports of semi-finished carbon steel products during this period amounted to $102.250 million in monetary terms.
Most exports were carried out to Poland (43.51% of supplies in monetary terms), Dominican Republic (14.25%) and Bulgaria (11.23%).
In January-March, Ukraine imported from China 34 tons of semi-finished products worth $63 thousand.
As reported, Ukraine in 2022, exports of semi-finished products of carbon steel in volume terms reduced by 72% compared to the previous year – to 1 million 899.729 tons, in monetary terms by 70.9% – to $ 1 billion 191.279 million. The main export was carried out in Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).
In addition, Ukraine imported 5.558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% – to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies – before the war), China (1.84%) and Romania (1.21%).

Ukraine reduced exports of semi-finished steel products by 92%

Ukraine in January this year reduced the export of semi-finished carbon steel products in physical terms by 92.1% compared to the same period last year – to 38,341 thousand tons.
According to statistics released by the State Customs Service (SCS), in monetary terms, exports of semi-finished carbon steel products in January 2022 declined by 93% – to $20.897 million.
The main export was carried out to Poland (54.20% of supplies in money terms), Denmark (24.91%) and Italy (11.31%).
In January-2023, Ukraine did not import any semi-finished products, whereas in January-2022 it imported 2.606 thousand tons of these products for $1.546 million. Imports were carried out from Russia (100% of supplies).
As reported, in 2022, Ukraine reduced the export of semifinished products of carbon steel in physical terms by 72% compared to the previous year – to 1 million 899.729 tons, in monetary terms by 70.9% – to $ 1 billion 191.279 million. The main export was carried out in Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).
In addition, Ukraine imported 5.558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% – to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies – before the war), China (1.84%) and Romania (1.21%).

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Ukraine’s output of steel products decreased by 72% last year

Ukrainian steelmaking companies in 2022, according to operational data, reduced the production of total rolled steel by 72% compared with the previous year – up to 5.350 million tons.
According to the association Ukrmetallurgprom, for 12 months of 2022, steel production fell by 70.7% – to 6.263 million tons, iron – by 69.8%, to 6.391 million tons.
As reported, in 2021, 21.165 million tons of cast iron (103.6% by 2020), 21.366 million tons of steel (103.6%), 19.079 million tons of rolled steel (103.5%) were produced.