export

Ukrainian suppliers are ready to replace the products of Russian producers on the EU market in case of sanctions on pig iron and steel from the Russian Federation

For this purpose, together with a pool of British insurance companies, a special mechanism has been created

The revenue of Ukrainian pipe exporters for the month fell by 14.6% m/m

In monetary terms, the export of such products for the month increased by 4.1% m/m

This happened despite the withdrawal of the Russian Federation from the Grain Agreement on July 17 and the efforts of the aggressor country to block sea transportation

A quick compensation of nearly $550 million from the insurance fund will partially improve the situation

In October, Chinese steel companies shipped 1.5% less steel abroad than in September

Shipments of rolled steel to third countries decreased by 6% y/y

The revenue of Ukrainian pipe exporters for the month increased by 10.6% m/m

The mechanism could help US companies bypass Chinese competitors in the European market

During the month, Ukrainian steel companies shipped 125.9 thousand tons of pig iron to foreign consumers

In January-September, mining companies of Ukraine reduced their shipments of ferrous metals to foreign consumers by 40.8% y/y