Business news from Ukraine

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

11 April , 2023  

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%).