Ukraine’s exports of semi-finished products grew by 43.1% in August

Export revenue fell by 10.6% in eight months

In August, Ukrainian mining & metals companies increased exports of semi-finished products by 43.1% to 787.4 thousand tons against July last year. In monetary terms, exports of semi-finished products grew by 22.9% to $276.7 million, according to the customs statistics.

In January–August 2020, Ukrainian steelmaking companies cut their revenue from exports of semi-finished products by 10.6% to $1.83 billion compared to the same period of 2019.

In eight months, Ukrainian steelmakers exported 5.1 million tons of semi-finished products. This is 4.7% up from January–August last year.

The main export markets were Italy (24.6%), Turkey (15.38%), and China (12.13%).

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