Business news from Ukraine

UKRAINIAN METAL COMPANIES GET $5.212 BLN REVENUE FROM EXPORTS OF FERROUS METALS IN JAN-AUG

Ukrainian metal companies saw a fall of 18.3% in foreign currency revenues from exports of ferrous metals in January-August 2020 year-over-year, to $5.212 billion.

According to customs statistics published by the State Customs Service, the share of ferrous metals of total income from exports was 16.7% compared to 19.08% from a year ago.

In August 2020 alone, receipts from ferrous metal exports amounted to $633.953 million.

In January-August 2020, Ukraine decreased imports of similar products by 23.9%, to $652.238 million. In August 2020, the figure was $93.758 million.

Through the aforementioned period, Ukraine decreased metal products exports by 16.3%, to $597.324 million including August deliveries being $69.511 million.

During this period, imports of metal products fell by 24.3%, to $552.072 million, including August imports worth $81.931 million.

As reported, in 2019, Ukraine saw its forex earnings from ferrous metal exports fall by 12.1%, to $8.739 billion. Ukraine saw imports of these products decrease by 6.9%, to $1.252 billion.

Ukraine experienced a 6.1% decline in metal products exports, up to $1.042 billion. Metal imports grew by 13.6% last year, to $1.099 billion.

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UKRAINIAN ENTERPRISES INCREASE CONSUMPTION OF METAL BY 10%

Ukrainian enterprises increased the consumption of metal by 9.99% in January-July of this year compared to the same period last year, to 2.54 million tonnes.
According to Ukrmetallurgprom association’s press release published on August 18, a total of 644,400 tonnes, or 25.4% of the domestic metal consumption market, were imported in the first seven months of the year.
“In January-July 2020, 2.54 million tonnes of rolled metal were delivered to domestic consumers, of which 644,400 tonnes, or 25.4%, were imported. During the same time in 2019, the home market capacity was 2.3 million tonnes, of which 826,700 tonnes, or 35.8%, were imported. For seven months of 2020, there was an increase in the domestic rolled metal market capacity compared to January-July 2019 by 10% with a simultaneous decrease in the share of the imported component by 10.4%,” the association said in the press release.
According to Ukrmetallurgprom, in January-July 2020, Ukrainian metal enterprises produced 10.65 million tonnes of rolled metal (96.9% compared to the same period in 2019), of which about 8.75 million tonnes or 82.2% were exported, according to information from ETR-Spectrum LLC.
The share of semi-finished products of export deliveries in January-July 2020 accounted for 49.31%, which noticeably exceeds the indicator for the period January-July 2019 (45.49%). The share of flat products of export deliveries in the first seven months of 2020 is slightly lower than in the same period in 2019 (32.71% and 33.92%, respectively). The share of long steel of export deliveries in January-July 2020 is significantly lower than in January-July 2019 (17.97% in 2020 against 20.6% in 2019).
The main export markets for Ukrainian metal products in January-July 2020, according to ETR-Spectrum LLC, were the countries of the European Union (28.4%), Africa (14.1%) and Asia (13.9%).
Among the metallurgical importers in January-July 2020, the CIS was at the first place (35.8%), the EU-28 was the second (25.4%), and the Asian countries third (20.1%).

UKRAINIAN ENTERPRISES INCREASE CONSUMPTION OF METAL BY 3.26%

Ukrainian enterprises increased the consumption of metal by 3.26% in January-May of this year compared to the same period last year, to 1.66 million tonnes.
According to an Ukrmetallurgprom association press release published on Friday, 434,700 tonnes, or 26.2% of the domestic metal consumption market, were imported in the first five months of the year.
“In January-May 2020, 1.66 million tonnes of rolled metal were delivered to domestic consumers, of which 434,700 tonnes, or 26.2%, were imported. For five months of 2020, there was an increase in the consumption of rolled metal in the domestic market compared to January-May 2019 by 3.26% with a simultaneous decrease in the share of the imported component by 7.6%,” the association said in the press release.
According to Ukrmetallurgprom, in January-May 2020, Ukrainian metal enterprises produced 7.43 million tonnes of rolled metal (93.8% compared to the same period in 2019), of which about 6.21 million tonnes or 83.5% were exported, according to information from ETR-Spectrum LLC.
The share of semi-finished products of export deliveries in January-May 2020 accounted for 49.74%, which exceeds the indicator for the period January-May 2019 (45.38%). The share of flat products of export deliveries in the first five months of 2020 is slightly lower than in the same period in 2019 (32.05% and 34.00%, respectively). The same picture is observed with regard to long products – 18.21% in January-May 2020 compared with 20.62% for the same period in 2019.
The main export markets for Ukrainian metal products in January-May 2020, according to ETR-Spectrum LLC, were the countries of the European Union (31.1%), Africa (14.8%) and other European countries (14.1%).
Among the metallurgical importers in January-May, the CIS was at the first place (39.1%), the EU-28 was the second (26.1%), and the Asian countries third (18.0%).

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UKRAINE REDUCES SCRAP METAL EXPORTS BY 55%

Ukrainian enterprises in January-May of this year reduced export of scrap metal by 54.8% compared to the same period last year, to 16,489 tonnes (36,515 tonnes were exported in January-May 2019).
According to statistics released by the State Customs Service, in terms of money, scrap exports fell by 58.1%, to $4.181 million.
In January, 2,865 tonnes of scrap metal were exported, in February some 8,014 tonnes, in March 493 tonnes, in April 256 tonnes, and in May 4,861 tonnes.
At the same time, in January-May of this year, the country reduced imports of scrap metal in natural terms by 76.2% compared to the same period last year, to 6,841 tonnes. In monetary terms, this indicator decreased by 49.9%, to $7.411 million.
Scrap metal was imported mainly from Turkey (65.46% of supplies in monetary terms), the Russian Federation (26.52%) and the Netherlands (5.07%), exports were made to Turkey (78.41%), the Netherlands (11.29%), and Germany (7.22%).
In addition, the metal enterprises of Ukraine in January-May 2020 imported 1,602 tonnes of products of direct reduction of iron from ore according to code 7203 (hot briquetted iron), which is a substitute for cast iron and scrap metal, in the amount of $481,000, whereas in January-May 2019 they did not import this product from the Russian Federation and did not export it.

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SCRAP METAL EXPORTS FROM UKRAINE PLUNGES BY 87%

Ukrainian enterprises in January-October 2019 decreased exports of ferrous scrap metal by 87.2% compared to the same period of 2018, to 40,736 tonnes (316,196 tonnes in January-October 2018). According to customs statistics released by the State Fiscal Service of Ukraine, exports of scrap metal in monetary terms fell by 89%, to $11.31 million ($102.5 million a year ago).
Some 103 tonnes of scrap metal was exported October, 3,551 tonnes in September, 155,000 in August, 204,000 tonnes in July, 208,000 tonnes in June, 8,068 tonnes in May, 8,791 tonnes in April, 8,246 in March, 8,252 tonnes in February and 3,140 tonnes in January.
At the same time, in January-October 2019, the country increased imports of scrap metal in kind by 46% compared to January-October 2018, to 45,669 tonnes. Imports in monetary terms increased 1.8%, to $29.495 million.
Imports of scrap metal for the mentioned period arrived mainly from Turkey (59.16% of deliveries in monetary terms), Russia (31.64%), and the Netherlands (2.26%); and major exports were shipped to Turkey (86.71%), the Netherlands (6.45%) and Germany (4.84%).
Ukrainian metal companies in January-October 2019 imported 1,462 tonnes of ferrous products obtained by direct reduction of iron ore (HS code 7203) – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal. The HBI was imported from Russia through July-August for a total value of $478,000 when 1,539 tonnes of HBI was imported through January-September 2018 with a total value of $509,000.
As reported, Ukrainian enterprises in 2018 decreased exports of ferrous scrap metal by 33% compared to 2017, to 327,547 tonnes. Exports of scrap metal in monetary terms fell by 13.3%, to $105.646 million.

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SCRAP METAL EXPORTS FROM UKRAINE PLUNGES BY 87%

Ukrainian enterprises in January-September 2019 decreased exports of ferrous scrap metal by 86.9% compared to the same period of 2018, to 40,633 tonnes (307,922 tonnes in January-September 2018).
According to customs statistics released by the State Fiscal Service of Ukraine, exports of scrap metal in monetary terms fell by 88.8%, to $11.273 million ($100.290 million a year ago).
Some 3,551 tonnes of scrap metal was exported in September, 155,000 in August, 204,000 tonnes in July, 208,000 tonnes in June, 8,068 tonnes in May, 8,791 tonnes in April, 8,246 in March, 8,252 tonnes in February and 3,140 tonnes in January.
At the same time, in January-September 2019, the country increased imports of scrap metal in kind by 48% compared to January-September 2018, to 43,503 tonnes. Imports in monetary terms decreased 0.2%, to $26.521 million.
Imports of scrap metal for the mentioned period arrived mainly from Turkey (55.26% of deliveries in monetary terms), Russia (35.19%), and the Netherlands (2.51%); and major exports were shipped to Turkey (86.99%), the Netherlands (6.21%) and Germany (4.85%).
Ukrainian metal companies in January-September 2019 imported 1,462 tonnes of ferrous products obtained by direct reduction of iron ore (HS code 7203) – hot briquetted iron (HBI), which is a substitute for pig iron and scrap metal. The HBI was imported from Russia through July-August for a total value of $478,000 when 1,539 tonnes of HBI was imported through January-September 2018 with a total value of $509,000.
As reported, Ukrainian enterprises in 2018 decreased exports of ferrous scrap metal by 33% compared to 2017, to 327,547 tonnes. Exports of scrap metal in monetary terms fell by 13.3%, to $105.646 million.

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