In January-June, Ukraine’s steelmakers reduced metals exports to 4.1M t

According to the results of January-June 2022, Ukraine’s steel plants reduced the export of ferrous metals by 58.4% compared to the same period in 2021, to 4.1 million tons. In monetary terms, exports fell by 47.3%, to $3.22 billion, according to UAVtormet association data.

Pig iron exports over 6 months fell by 57.1% compared to January-June 2021, to 634 thousand tons, and scrap metal – 41 times, to 0.7 thousand tons.

Shipments of semi-finished products abroad decreased by 60.8%, to 1.43 million tons, and rolled steel – by 58.8%, to 1.78 million tons.

Semi-finished products account for 34.8% of Ukraine’s metal exports, steel raw materials (cast iron, ferroalloys, scrap) – 21.9%, and rolled steel – 43.3%.

Earlier GMK Center reported, that in January-February 2022, Ukraine’s steel plants export revenues increased by 34.8% compared to the same period in 2021, to $2.04 billion. Imports grew by 86.8% over the two months, to $230 million.

After the Russian invasion, exports fell sharply due to the blockade of ports, logistical problems, as well as the destruction of the big plants in Mariupol. Now Ukrainian steelmakers are actively looking for new ways to export products, but blocked seaports leave Ukraine few road options for shipments, mainly to Europe.

At the end of 2021 Ukraine’s ferrous metals export revenues increased by 81.4% compared to the previous year, to $13.96 billion.