semi-finished products

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Ukrainian steelmakers cut exports of semi-finished products by 25% y/y in January-April

During the period, the bulk of our products were sold to Bulgaria, Turkey and Poland

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Middle East billet prices fell by $3/t in early May

Cheap offers of importers do not allow quotes to move to growth

European slab prices declined in the second half of April

Market participants do not see any prerequisites for higher prices

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Middle East billet producers suffer losses due to falling demand

Plants refrain from shutting down completely, hoping for an improvement in the situation

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Ukrainian steelmakers cut exports of semi-finished products by 35% y/y in Q1

During the period, the bulk of production was exported to Bulgaria and Turkey

European slab prices declined in early April

Producers seek to increase the attractiveness of supply amid sluggish demand

Exports of semi-finished products from Ukraine in February increased by 49% m/m

More than 70% of products are exported to Bulgaria and Turkey

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Exports of semi-finished steel products from Ukraine amounted to 1.89 million tons in 2024

Shipments increased by 56.7% y/y, mainly due to the exit of domestic products to distant markets

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Deliveries of Ukrainian billets to Turkey increased by 3.1 times y/y over 10 months

Total imports of billets by Turkish consumers grew by 5.3% y/y over the period

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Ukraine exported 1.67 million tons of semi-finished products in January-October

The main share of products was shipped to Bulgaria, Turkey and Egypt

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