Ukrainian steelmakers exported 256.5 thousand tons of long products in the first half of the year

The main volumes of products were shipped to Romania and Poland

In January-June 2024, Ukrainian steel companies increased exports of long products by 1.4% compared to the same period in 2023, to 256.5 thousand tons. This is evidenced by the data of the State Customs Service.

Wire rod accounted for the bulk of exports (HS 7213) – 119.13 thousand tons (-0.1% y/y). Over 6 months, 51.41 thousand tons of the product were shipped to Romania, 50.3 thousand tons to Poland and 7.93 thousand tons to Bulgaria.

The company also exported 64.44 thousand tons (+5% y/y) of carbon steel wire (HS 7217). The bulk was sent to Poland – 22.4 thousand tons, Germany – 12.02 thousand tons, and the Czech Republic – 7.9 thousand tons. Rebar accounted for another 35.74 thousand tons (-8.3 y/y) of exports (HS 7214). The company shipped 19 thousand tons of rebar to Moldova and 15.41 thousand tons to Poland.

In June, Ukraine’s exports of long products increased by 30% compared to the previous month, but decreased by 35.1% compared to June 2023 to 39.62 thousand tons. Shipments of wire rod increased by 64.7% m/m and decreased by 18.2% y/y – to 20.16 kt, wire rod decreased by 1.8% m/m and 22.8% y/y – to 8.35 kt, and rebar increased by 177% m/m and decreased by 32.7% y/y – to 8.81 kt.

Revenues from long products exports in January-June 2024 decreased by 3.5% y/y – to $198.7 million, and in June – by 28.4% y/y and increased by 13.8% m/m – to $28.98 million.

As GMK Center reported earlier, in 2023, Ukrainian steelmakers reduced exports of long products by 31.4% compared to 2022, to 523.84 thousand tons. Steelmakers’ revenue from exports of such products fell by 45% y/y – to $395.15 million. Wire rod (HS 7213) was exported the most during the year, 209.97 thousand tons for $131.42 million.