Business news from Ukraine

Lithuania, Czech Republic, Latvia and Estonia propose to Brussels to ban imports of ferrous metal scrap, copper and aluminum from Russia

Four EU countries – Lithuania, the Czech Republic, Latvia and Estonia – propose to Brussels to ban the import of waste and scrap ferrous metals, copper and aluminum from Russia.

Such a proposal was presented at a meeting of the European Union Environment Council held on March 25, the Lithuanian Environment Ministry said.

“Lithuania proposes that the European Commission assess all possibilities at EU level and make a proposal to suspend waste imports from Russia to the EU or allow Member States to adopt unilateral restrictive measures. We believe that such imports contribute to financing Russia’s war against Ukraine and should be stopped,” Lithuania’s deputy permanent representative to the EU, Ambassador Jurga Kasputene, said at the council meeting.

According to the Environment Ministry, more than 118 million euros worth of waste and scrap ferrous metals, copper and aluminum were imported from Russia to the EU in 2022-2023. Most of these imports go through Lithuania.

According to the ministry, cross-border transportation of waste is regulated by the Basel Convention and the Waste Transportation Regulation, so individual member states cannot unilaterally ban or restrict such imports.

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In January-February, Ukrainian steelmakers increased revenues from ferrous metal exports by 46% to $522 mln

In January-February of this year, Ukrainian steelmakers increased revenues from exports of ferrous metals by 46.3% year-on-year to $522.519 million.

According to statistics released by the State Customs Service (SCS) on Wednesday, ferrous metals accounted for 7.67% of total export revenues during this period, compared to 5.53% in January-February 2023.

In February, revenues from exports of ferrous metals amounted to $248.443 million.

At the same time, Ukraine increased imports of similar products by 35.6% to $221.529 million in January-February this year. In February, the country imported products worth $112.114 million.

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Ukrainian metallurgical enterprises increased revenues from exports of ferrous metals by 65.4%

In January this year, Ukraine’s steelmaking companies increased revenues from ferrous metal exports by 65.4% year-on-year to $274.077 million from $165.690 million.

According to statistics released by the State Customs Service (SCS) on Friday, ferrous metals accounted for 8.06% of total export revenues during this period, compared to 5.29% in January 2023.

At the same time, in January this year, Ukraine increased imports of similar products by 59.5% to $109.414 million from $68.593 million.

In addition, in January, Ukraine increased exports of metal products by 3.5% to $64.327 million from $62.127 million. Imports of metal products increased by 41.7% to $72.646 million from $51.263 million.

In December 2023, revenues from exports of ferrous metals amounted to $214.531 million, while in the previous month – $174.380 million. In December 2023, the company imported these products for $107.367 million.

In December, the company exported steel products worth $56.083 million and imported $74.186 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 during 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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Ukraine cuts foreign exchange earnings from ferrous metal exports by 47.6%

In January-September of this year, Ukraine’s steelmaking companies reduced their earnings from ferrous metal exports by 47.6% year-on-year to $2 billion 79.713 million.

According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.66% of total export revenues during this period, while in the first nine months of 2022, the share was 11.99%.

In September, revenues from exports of ferrous metals amounted to $258.675 million, while in the previous month – $200.016 million.

At the same time, Ukraine increased imports of similar products by 46.7% to $979.035 million in the first nine months of this year. In September, products worth $123.751 million were imported.

In addition, in January-September, Ukraine reduced exports of metal products by 13.8% year-on-year to $693.984 million. In September, exports were worth $68.742 million.

At the same time, imports of steel products increased by 29.4% to $605.218 million over the same period. In September, Ukraine received $89.645 million worth of these products.

As reported earlier, in 2022, Ukraine’s steelmaking companies reduced 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, last year 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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Ukraine reduced foreign exchange earnings from ferrous metals exports by 51.1%

In January-August this year, Ukraine’s metallurgical enterprises reduced their earnings from ferrous metal exports by 51.1% year-on-year to $1 billion 821.054 million.

According to statistics released by the State Customs Service (SCS), ferrous metals accounted for 7.44% of total export revenues during this period, while in the first eight months of 2022, they accounted for 12.86%.

In August, revenues from exports of ferrous metals amounted to $200.016 million, while in the previous month – $206.685 million.

At the same time, Ukraine increased imports of similar products by 53% to $855.284 million over the first eight months of this year. In August, the country imported products worth $136.466 million.

In addition, in January-August, Ukraine reduced exports of metal products by 11% compared to the eight months of the previous year, to $625.707 million. In August, they were exported for $65.114 million.

At the same time, imports of steel products increased by 24.8% to $515.548 million over the first eight months of the year. In August, Ukraine supplied $82.645 million worth of these products.

As reported earlier, in 2022, Ukraine’s steelmaking companies reduced 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, last year 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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Ukraine earned more than $1.6 bln from ferrous metal exports in 7 months of year

Metallurgical enterprises of Ukraine in January-July this year reduced revenues from ferrous metal exports by 53.6% compared to the same period last year – to $1 billion 621.038 million.
According to statistics released by the State Customs Service (SCS) on Tuesday evening, ferrous metals accounted for 7.44% of total receipts from exports of goods during this period, while for 7M-2022 – 13.61%.
In July, revenues from ferrous metals exports amounted to $206.685 million, while in the previous month – $277.888 million.
At the same time, Ukraine has increased imports of similar products by 51.8% – up to $718.782 million in seven months of this year. In July, $112.462 million worth of products were imported.
In addition, in January-July Ukraine reduced exports of metal products by 11.3% compared to the seven months of the previous year – to $561.009 million. In July they were exported for $59.195 million.
At the same time, imports of metal products for the first seven months of the year increased by 23.3% to $432.906 million. In July, Ukraine received $73.702 million worth of these products.
As reported, the country’s metal enterprises in the first half of the year-2023 reduced revenues from exports of ferrous metals by 56.1% compared to the same period last year – to $1 billion 414.354 million. For 5 months-2023 the lag was 60.7%, for 4 months-2023 the decrease was 3.2 times.
Ukraine’s metal enterprises in 2022 decreased revenues from ferrous metal exports by 67.5% compared to 2021, to $4 bln 533.088 mln. Ferrous metals for this period accounted for 10.26% of total revenues from exports of goods against 20.49% for 2021. At the same time, Ukraine last year 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 for the year fell by 42.9% to $643.162 million.

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