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Photo – Ukrainian steel market in Q1: slowdown in production and trade
Ukrainian steel market in Q1: slowdown in production and trade

The key levers of influence include geopolitics, duties and logistics

Photo – Ukraine needs to postpone CBAM requirements – Metinvest
Ukraine needs to postpone CBAM requirements – Metinvest

The country needs special conditions with a sufficient transition period to have time to modernize

Photo – Spain reduced rolled steel exports by 24.4% m/m in January
Spain reduced rolled steel exports by 24.4% m/m in January

Imports of relevant products from third countries increased by 3.3 times m/m.

Photo – France increased rolled steel exports by 16.9% y/y in January
France increased rolled steel exports by 16.9% y/y in January

Imports of relevant products from third countries increased by 51.8% y/y

Photo – Italy reduced rolled steel exports by 12% y/y in January
Italy reduced rolled steel exports by 12% y/y in January

Imports of relevant products from third countries increased by 6.4% y/y

Photo – Germany increased rolled steel exports by 23.7% m/m in January
Germany increased rolled steel exports by 23.7% m/m in January

Shipments of flat products to third countries increased by 23.5% m/m and long products – by 24.2% m/m

Photo – Ukrainian ports handled 23 million tons of cargo in the first quarter of 2025
Ukrainian ports handled 23 million tons of cargo in the first quarter of 2025

The largest transshipment volumes traditionally fall on the ports of Greater Odesa

Photo – Turkey reduced iron & steel products imports from Ukraine by 64% y/y in Q1
Turkey reduced iron & steel products imports from Ukraine by 64% y/y in Q1

Iron ore and semi-finished products account for the key volumes of supplies

Photo – Ukraine’s foreign trade deficit grew by 76.6% y/y in January-February
Ukraine’s foreign trade deficit grew by 76.6% y/y in January-February

Exports decreased by 13% year-on-year in the period under review

Photo – Ukraine exported 433.1 thousand tons of flat products in January-March
Ukraine exported 433.1 thousand tons of flat products in January-March

Hot-rolled flat products account for more than 80% of shipments

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