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Ukrainian exports of pig iron and semi-finished steel decreased by one and a half times

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In the first four months of this year, Ukraine lost about half a billion dollars in export earnings from the sale of pig iron and semi-finished steel compared to last year.

Ukrainian exports of pig iron and semi-finished steel decreased by one and a half times

In January-April 2022, exports of pig iron from Ukraine fell in physical terms by 52.7% compared to the same period last year (APPG) to 451.142 thousand tons, and supplies of Ukrainian semi-finished steel to other countries decreased compared to APPG by 55.3% to 1 million 152.596 thousand tons. This is evidenced by the data of the State Customs Service (SCS) of Ukraine.

The main destinations for Ukrainian exports of ferrous metals in the reporting period were the United States, Turkey and Italy.

Receipts from the export of pig iron decreased by 50.4% compared to the APPG - to $220.179 million. In monetary terms, the export of semi-finished products from carbon steel over this period decreased by 44.9% - to 707.882 million dollars.

As reported, in 2021 Ukraine increased the export of pig iron in physical terms by 4.2% compared to 2020 - up to 3 million 235.772 thousand tons, the export of pig iron in monetary terms increased by 78.1% - up to $1 billion 642.596 million Exports of semi-finished products from carbon steel in physical terms last year decreased by 9.5% to 6 million 776.441 thousand tons. In monetary terms, the export of semi-finished products from carbon steel increased by 48.8% - up to 4 billion 93.015 million tons.

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