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Photo – Scrap exports from Ukraine reached 28.6 thousand tons in May
Scrap exports from Ukraine reached 28.6 thousand tons in May

Raw material shipments have increased by 52.2% y/y since the beginning of the year

Photo – Ukraine increased flat rolled products’ exports by 6.1% y/y in January-May
Ukraine increased flat rolled products’ exports by 6.1% y/y in January-May

More than 80% of shipments are hot-rolled flat products

Photo – The government hasn’t been able to fix the problem of late VAT refunds yet
The government hasn’t been able to fix the problem of late VAT refunds yet

It's likely that the issue of VAT refunds will stay relevant until the war is over

Photo – Ukraine’s ferroalloy industry exported 45,000 tons of products in January-May
Ukraine’s ferroalloy industry exported 45,000 tons of products in January-May

Key volumes of supplies go to Algeria, Poland, and Turkey

Photo – Ukraine reduced semi-finished products’ exports by 34% y/y in January-May
Ukraine reduced semi-finished products’ exports by 34% y/y in January-May

During this period, most of the products were sent to Bulgaria, Turkey, and Poland

Photo – Ukraine increased pig iron exports by 35.1% m/m in May
Ukraine increased pig iron exports by 35.1% m/m in May

The EU and the US accounted for the bulk of Ukrainian product consumption during the month

Photo – Ukraine reduced iron ore exports by 13% y/y in January-May
Ukraine reduced iron ore exports by 13% y/y in January-May

Key volumes of raw materials were sent to China, Slovakia, and Poland

Photo – Global exports of coking coal fell by 1.4% year-on-year in January-May
Global exports of coking coal fell by 1.4% year-on-year in January-May

Australian exports during this period decreased by 7.2% year-on-year

Photo – China quadrupled its exports of semi-finished steel products in January-May
China quadrupled its exports of semi-finished steel products in January-May

At the same time, the trend in imports remains negative

Photo – Global steel exports grew by 3.3% y/y in 2024
Global steel exports grew by 3.3% y/y in 2024

China maintains undisputed leadership among exporters

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