Ukraine exported 1.53 million tons of semi-finished products in January-September

In January-September 2024, Ukrainian steelmakers increased exports of semi-finished steel products by 65.5% compared to the same period in 2023, to 1.53 million tons. This is evidenced by data from the State Customs Service.

In September, exports of Ukrainian semi-finished products amounted to 224.09 thousand tons, up 12.9% month-on-month and 55.6% y/y. The average monthly exports in 2024 amounted to 170 thsd tonnes, compared to 102.7 thsd tonnes in January-September 2023. At the same time, the September figure is the highest since the beginning of the full-scale war.

The main export destinations of semi-finished steel products from Ukraine are Bulgaria – 462.32 thousand tons over 9 months and 34.01 thousand tons in September (-33.7% m/m), Egypt – 325.7 thousand tons (-33.7% m/m), Egypt – 325.43 kt and 110.88 kt (+68.1% m/m), respectively, Turkey – 158.56 kt and 38.45 kt (-153.2% m/m), and Poland – 117.92 kt and 14.31 kt (+609% m/m).

Revenue from exports of semi-finished products in January-September 2024 increased by 59.1% y/y – to $758.63 million, and in September – by 9.6% m/m and 65.8% y/y – to $109.47 million.

In 2023, Ukraine reduced exports of semi-finished products by 36.7% compared to 2022, to 1.203 million tons. Compared to the pre-war year 2021, shipments of semi-finished products abroad decreased by 82.2%, or 5.57 million tons. Revenues of domestic enterprises from the export of semi-finished products last year decreased by 48.9% compared to 2022, to $608.52 million.

In 2023, the largest consumers of Ukrainian semi-finished products were Bulgaria – 36.7%, Poland – 23%, and Italy – 9.6%.