Business news from Ukraine

Business news from Ukraine

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.

“Metinvest” continues to produce steel products and mine iron ore under threat of shelling

Metinvest Mining and Metallurgical Group continues to produce steel products at its enterprises and produce iron ore raw materials under the constant threat of enemy shelling and under conditions of power shortage.
“Our enterprises, as far as it is possible under military conditions, continue to produce products for the defense and restoration of the country’s infrastructure, keep jobs and pay taxes,” the press service of Metinvest quoted the company’s general director Yuri Ryzhenkov as saying.
According to him, Metinvest’s enterprises in Ukraine are working under war conditions, but the work is also complicated by rising production costs, falling prices for certain types of products and logistical constraints due to the blocking of maritime exports. However, even under such difficult circumstances, the group’s enterprises continue to operate at different levels of utilization, taking into account security, logistics and economic factors.
“Kametstal” and the group’s joint venture “Zaporizhstal” continue to produce. Meanwhile, Kametsteel resumed production of pig iron, steel and rolled products in December after production was halted due to Russian attacks on Ukraine’s energy infrastructure in late November 2022.
Construction of the 11th coal mining block is underway at the Pokrovsky Coal Group enterprises. Centralny GOK continues to produce pellets.
In general, the focus of the group’s enterprises is to promptly resume work or increase production levels under favorable conditions, according to the press release.
As before, the group’s priority remains to take care of its employees who support the production process. All facilities have bomb shelters manned for extended stays. The shelters are provided with water, food and medicines.
“Metinvest continues to fight the theft by rf, which illegally exported more than 234,000 tons of the company’s metal from Mariupol. In particular, 16 enterprises of the group filed lawsuits in the European Court of Human Rights against Russia for damages caused to property and assets of the group in Mariupol and other territories of Ukraine since February 24, 2022.
“Metinvest is a vertically integrated group of mining and metallurgical companies. The enterprises of the group are mainly located in Donetsk, Lugansk, Zaporozhye and Dnipropetrovsk regions.
The major shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%) that manage it jointly.
Metinvest Holding LLC is the management company of Metinvest Group.

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