Business news from Ukraine

Ukraine did not import semi-finished steel products in January-February 2024

According to statistics, Ukraine did not import semi-finished steel products in January-February 2014, as it did in January-February 2013.
However, in 2023, Ukraine imported this type of product, but in small volumes. In 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%), totaling $172 thousand.
At the same time, in 2022, the country imported 5,558 thousand tons of similar products, which is 85.7% less than in 2021.
In monetary terms, imports decreased by 86% to $3.634 mln. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

Ukraine increased exports of semi-finished steel products by 3.4 times, with Bulgaria as main market

In January-February this year, Ukraine increased exports of carbon steel semi-finished products in physical terms by 3.38 times compared to the same period last year, to 364.162 thousand tons.

According to statistics released by the State Customs Service on Wednesday, exports of carbon steel semi-finished products increased 3.1 times in monetary terms to $175.088 million.

The main exports were to Bulgaria (33.46% of supplies in monetary terms), Poland (17.70%) and the Dominican Republic (8.21%).

As reported, in 2023, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% to $1 billion 191.279 million in monetary terms. The main exports were to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

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Ukrainian metallurgical enterprises increased exports of steel products to $152 mln in January-February

In January-February 2024, Ukrainian metallurgical enterprises increased their exports of steel products by 3.7% to $152.383 million. In February, they were exported for $88.056 million.

According to statistics released by the State Customs Service, imports of metal products increased by 33.4% to $144.769 million. In February, these products were imported for $72.123 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 in 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 increased exports of semi-finished steel products 6 times

In January this year, Ukraine increased exports of semi-finished carbon steel products in physical terms by 5.8 times compared to the same period last year, up to 222.2 thousand tons from 38.341 thousand tons.

According to statistics released by the State Customs Service (SCS) on Friday, exports of carbon steel semi-finished products increased 5 times in monetary terms to $105.491 million from $20.897 million.

The main exports were to Bulgaria (37.07% of supplies in monetary terms), Poland (11.91%) and Colombia (11.15%).

In January 2024, Ukraine did not import semi-finished products, as in January 2023.

As reported, in 2023, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 36.7% compared to 2022, to 1 million 203.454 thousand tons, while exports in monetary terms decreased by 48.9% to $608.516 million. The main exports were made to Bulgaria (36.66% of supplies in monetary terms), Poland (23.01%), and Italy (9.60%).

In addition, in 2023, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) worth $172 thousand.

In 2022, Ukraine decreased exports of carbon steel semi-finished products by 72% year-on-year to 1 million 899.729 thousand tons in physical terms and by 70.9% in monetary terms 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 in tons by 40%

In January-November this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 39.5% year-on-year to 1 million 104,735 thousand tons.

According to statistics released by the State Customs Service (SCS), exports of carbon steel semi-finished products in monetary terms amounted to $562.108 million in the period (down 51%).

The main exports were made to Bulgaria (37.01% of supplies in monetary terms), Poland (23.19%) and Italy (9.89%).

In January-November, Ukraine imported 96 tons of semi-finished products from China (98.26%) and Turkey (1.74%) for $172 thousand, in September-November 2022, imports amounted to 5,558 thousand tons of such products.

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 in tons by 40%

In January-October this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 40.4% year-on-year to 1 million 34,588 thousand tons.

According to the statistics released by the State Customs Service (SCS), exports of semi-finished carbon steel products amounted to $529.584 million in monetary terms over the period (down 51.6%).

The main exports were made to Bulgaria (35.42% of supplies in monetary terms), Poland (23.85%) and Italy (9.97%).

In January-October, Ukraine imported 92 tons of semi-finished products from China worth $169 thousand, while in September-October, no imports were made.

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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