Exclusive Flat steel exports from Ukraine fell by 12.4% m/m in January

Foreign currency revenues fell by 17.6% m/m

In January 2026, Ukrainian steel companies reduced exports of flat rolled products by 12.4% compared to the previous month, to 157.52 thousand tons. Compared to January 2025, the figure increased by 1.3%. This is evidenced by GMK Center calculations based on data from the State Customs Service.

More than 81% of exports are flat hot-rolled products (HS 7208) – 128.96 thousand tons, which is 0.7% less y-o-y and 14.7% m/m. The main consumers of products during the period were Poland – 39.25 thousand tons, Bulgaria – 25.07 thousand tons, and Egypt – 20.41 thousand tons.

Another 15.3% of shipments, or 24.05 thousand tons (+21.5% y/y; +6.4% m/m), accounted for flat cold-rolled products (HS 7209). The main consumer of the product is Poland – 9.42 thousand tons. 2.62 thousand tons were exported to Bulgaria and 7.4 thousand tons to Egypt.

During this period, 4.47 thousand tons of coated flat-rolled products (HS 7210) were exported, which is 22.8% less year-on-year and 24.4% less month-on-month. Poland received 3.75 thousand tons of such products, while Romania received 0.52 thousand tons.

Revenues from flat rolled steel exports increased by 15% y/y at the end of the month, but fell by 17.6% m/m – to $93.28 million.

As reported by GMK Center, in 2024 Ukraine increased exports of flat rolled products by 36.1% compared to 2023, to 1.63 million tons. More than 80% of supplies were hot-rolled flat products – 1.363 million tons (+44.7% y/y), and another 12% or 201.71 thousand tons (+0.7% y/y) were cold-rolled flat products.