Ukraine’s exports of semi-finished products declined by 4.1% in November

Export revenues fell by 6.6% in 11M

In November, Ukrainian mining & metals companies decreased exports of semi-finished products by 4.1% to 491.9 thousand tons against November last year. In monetary terms, exports of semi-finished products shrank by 15.8% to $199.7 million, according to the customs statistics.

In January–November 2020, Ukrainian steelmaking companies cut their revenue from exports of semi-finished products by 6.6% to $2.5 billion y-o-y.

In 11M, Ukrainian steelmakers exported 6.9 million tons of semi-finished products. This is 5.5% up from January–November last year.

The main export markets for Ukrainian semi-finished products were Italy (26.1%), Turkey (16.5%), and China (9.5%).

As GMK Center reported earlier, in 2019, exports of semi-finished products from Ukraine dropped by 4.8% to $2.9 billion against 2018. Conversely, exports of semi-finished products in physical terms grew by 12% to 7.47 million tons.