Ukraine’s Ferrous Metal Exports Surge


Ukraine’s steel companies saw a 16.6% year-over-year increase in revenue from ferrous metal exports from January to April of this year, totaling $959.76 million. Interfax-Ukraine reports that the State Customs Service is in charge of this.

In the four months that ended in April 2023. Ferrous metals brought in 7.14% of the total revenue from goods exported, up from 6.18% in January to April 2023.

The amount of money made from ferrous metal exports was $207.26 million as of April 2024.

Concurrently, Ukraine saw a 25.8% rise in imports of comparable goods, totaling $454.03 million between January and April of 2024. $131.17 million worth of goods were imported in April.

Additionally, Ukraine’s steel product exports dropped by 8.1% to $306.98 million in the first four months of 2024. They were exported for $77.11 million in April. Steel product imports rose by 47.2% to $326.39 million during this time. These goods were imported for $92.39 million in April.

Following 2.47 million in 2022 and 8.34 million tonnes in 2021. Ukraine exported 1.78 million tonnes of rolled steel in 2023. The relevant products were imported in 1.18 million tonnes in 2022, 1.12 million tonnes in 2021, and 621.6 thousand tonnes in 2022.

Ukrainian steel producers produced 5.37 million tonnes of rolled steel in 2023, an increase of 0.4% over 2022.

The amount of steel produced during the year was 6.23 million tonnes (-0.6% y/y), while the amount of pig iron produced was 6 million tonnes, down 6.1% from 2022.