Exports of scrap from Ukraine increased by 61.1% m/m in February

In February 2025, the Ukrainian scrap industry increased exports of ferrous scrap by 61.1% year-on-year – to 25.28 thousand tons. This is according to GMK Center’s calculations based on data from the State Customs Service.

Compared to February 2024, shipments of raw materials increased by 9%. This is how exports recovered after falling to their lowest level since May last year in January.

In January-February this year, Ukraine exported 40.98 thousand tons of scrap, up 1.6% y/y.

Poland remains the key export destination for raw materials. The Polish market received 38.85 thousand tons of scrap, which is 94.8% of the total supply. A small part was sent to Bulgaria – 1.57 thousand tons, and Germany – 0.5 thousand tons. In February, the company shipped 23.38 thousand tons of raw materials to the Polish market (+51.1% m/m).

Revenue from scrap exports in February increased by 68.2% compared to the previous month and decreased by 5.3% y/y – to $7.41 million.

As GMK Center reported earlier, in 2024, Ukraine’s scrap exports increased by 60% compared to 2023, to 293.2 thousand tons. In 2023, shipments of raw materials abroad exceeded 182.5 thousand tons, up 3.4 times year-on-year, while in 2022 the figure was 54.1 thousand tons. The key consumers of raw materials last year were Poland (248.6 thousand tons), Greece (34.2 thousand tons), and Germany (6.5 thousand tons).

Global scrap prices rose slightly in mid-March, while the increase in supply from sellers was not supported by buyer demand in most regions. European prices rose from $337/t to $355/t FOB Rotterdam from March 7 to March 21. This corresponds to an increase in domestic scrap prices by €15-20/t, which was observed in Italy, France, Luxembourg, Belgium, Germany and Eastern Europe.