Ukrainian steelmakers increased the export of flat products by 14.3% m/m

The export of such products increased by 4.3% m/m in monetary terms

In August 2023, steel enterprises of Ukraine increased the export of flat products by 14.3% compared to July 2023 – up to 108.8 thousand tons. In monetary terms, the export of such products increased by 4.3% m/m – up to $73.4 million. This is evidenced by State Customs Service’s data.

Compared to August 2022, in August 2023 steel enterprises of Ukraine increased revenue from the sale of flat products by 70.6%. Export volumes increased by 86.6% y/y.

In January-August 2023, Ukraine exported 626.55 thousand tons of flat rolled products worth $452 million. Revenue from the sale of products abroad decreased by 62.5% compared to the same period last year, and the volume of exports – by 56, 2% y/y.

In 8 months, flat hot-rolled products without coating was exported the most (HS 7208) – 464.9 thousand tons for $319.8 million. In August, 84.7 thousand tons (+24.8% m/m) were shipped for $54.9 million (+76.8% m/m). 121.6 thousand tons of flat cold-rolled products without coating (HS 7209) for $84.5 million, in August – 17.6 thousand tons (+21.9% m/m) for $11.4 million (+2.6% m/m) also were exported

The three leaders among the types of flat rolled products in terms of export volumes from Ukraine in January-August 2023 are covered by clad flat rolled products, with galvanic or other coating (HS 7210) – 38.2 thousand tons for $45.4 million. In August, steel companies reduced exports of such products by 55.2% compared to the previous month – to 5.6 thousand tons. Revenue from its shipment fell by 55.4% m/m – to $5.92 million.

Poland and Bulgaria are the largest consumers of Ukrainian flat hot-rolled rolled products without coating – 48.9% and 17.9%, respectively, in monetary terms. Poland (32.8%), Bulgaria (18.8%) and Portugal (8.1%) together consumed more than 60% of uncoated flat cold-rolled products. Poland (74.4%) and Romania (20%) are among the main buyers of Ukrainian-made rolled steel.

Steel enterprises of Ukraine in August 2023 reduced the production of rolled products by 3.6% compared to the previous month – to 506 thousand tons. In January-August 2023, Ukrainian steelmakers produced 3.41 million tons of rolled products, which is 23.9% less in compared to the same period in 2022.

As GMK Center reported earlier, in 2022 Ukrainian steelmakers exported 1.63 million tons of flat rolled steel, which is 73% less compared to 2021. The revenue of steelmakers from the export of such products fell by 73.5% y/y – to $1.35 billion. The largest consumers of products were Poland, Romania, Turkiye and Bulgaria.