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Photo – Ukrainian steelmakers reduced exports of semi-finished products by 36% y/y in 1H2025
Ukrainian steelmakers reduced exports of semi-finished products by 36% y/y in 1H2025

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

Photo – China increased steel exports by 9.2% y/y in 1H2025
China increased steel exports by 9.2% y/y in 1H2025

Imports of steel products decreased by 16.4% y/y during the period

Photo – Ukraine’s ferroalloy industry exported 55,000 tons of products in 1H2025
Ukraine’s ferroalloy industry exported 55,000 tons of products in 1H2025

The main destinations for exports were Algeria, Poland, and Turkey

Photo – Ukraine increased pig iron exports by 47.5% y/y in 1H2025
Ukraine increased pig iron exports by 47.5% y/y in 1H2025

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

Photo – Ukraine reduced iron ore exports by 11.9% y/y in 1H2025
Ukraine reduced iron ore exports by 11.9% y/y in 1H2025

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

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

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