Long rolled steel

Shipments of products abroad increased by 7.6% y/y and decreased by 22.3% m/m

In April 2024, Ukrainian steel enterprises increased exports of long steel products by 7.6% compared to the same month in 2023, to 39 thousand tons. Revenue from exports of the relevant products fell by 15.4% y/y – to $29.87 million. This is evidenced by the data of the State Customs Service.

In April, exports of long products decreased by 22.3% compared to March, while revenues fell by 23.7%.

In January-April 2024, Ukrainian steelmakers shipped 186.4 thousand tons of long products for export, up 39.1% year-on-year. Export revenue for the period amounted to $144.2 million (+15.4% y/y).

Hot-rolled bars and coils (HS 7213) were exported the most in 4 months – 86.7 thousand tons for $53.03 million, in April – 19.33 thousand tons (-28.3% m/m) for $11.81 million (-28.6% m/m). The company also exported 47.58 thousand tons of carbon steel wire (HS 7217) for $41 million, and 9.35 thousand tons (-20.1% m/m) for $7.86 million (-22.8% m/m) for the month.

Other rods and bars, untreated, twisted (HS 7214) were the top three exporters of long products from Ukraine in January-April, with 23.75 thousand tons worth $14.52 million. In April, exports of such products fell by 11.4% m/m – to 6.66 thousand tons, while revenue fell by 7.3% m/m – to $4.19 million.

Romania and Poland were the largest consumers of Ukrainian hot-rolled bars and rods over the month, accounting for 43.4% and 41.6%, respectively, in monetary terms. Poland (36%) and Germany (18.8%) consumed about 55% of Ukrainian wire. Poland (50.1%) was the main buyer of other rods and bars, untreated and twisted.

As GMK Center reported earlier, in 2023, Ukrainian steelmakers reduced exports of long products by 31.4% year-on-year – to 523.84 thousand tons. Steelmakers’ revenue from exports of such products fell by 45% y/y – to $395.15 million. Hot rolled bars and coils (HS 7213) were exported the most over the year, 209.97 thousand tons for $131.42 million.