Business news from Ukraine

Business news from Ukraine

Ukraine Reduced Exports of Semi-Finished Steel Products by 10.1% Over 10 Months

13 November , 2026  

In January–October of this year, Ukraine reduced its exports of carbon steel semi-finished products by 10.1% in volume terms compared to the same period last year—to 970,135 metric tons from 1,007,936 metric tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, 25,298 thousand metric tons of semi-finished products were exported in October, 44,674 thousand metric tons in September, 25,887 thousand metric tons in August, in July—107,673 thousand metric tons, in June—163,183 thousand metric tons, in May—165,050 thousand metric tons, in April—116,550 thousand metric tons, in March – 138,203 thousand metric tons, in February – 61,629 thousand metric tons, and in January – 121,988 thousand metric tons.

In monetary terms, exports of carbon steel semi-finished products during this period decreased by 3.1% to $497,282 million. The main export destinations were Bulgaria (40.34% of shipments in monetary terms), Poland (14.75%), and Turkey (10.50%).

In the first ten months of 2026, Ukraine imported 44,763 metric tons of semi-finished products worth $30.598 million from Oman (71.19%), the Czech Republic (21.86%), and Germany (5.73%), whereas in January–October 2025, it imported 83,788 thousand metric tons worth $62.282 million.

As reported, in 2025, Ukraine reduced its exports of semi-finished steel products by 26.4% in volume terms compared to the previous year—to 1,388,183 thousand metric tons—while revenue fell by 28.9% to $659.625 million. The majority of exports went to Bulgaria (32.73% of shipments by value), Poland (22.13%), and Turkey (14.88%).

Last year, Ukraine imported 88,923 thousand metric tons of semi-finished products worth $65.989 million, mainly from Oman (37.42%), Germany (22.21%), and the Czech Republic (16.71%), whereas in 2024, it imported 306 metric tons of semi-finished products worth $278 thousand.

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