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Ukraine has increased revenues from the export of ferrous metals by a third due to scrap metal and pig iron

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In the overall structure of export earnings, metallurgical exports accounted for about 20% of all revenues.

Ukraine has increased revenues from the export of ferrous metals by a third due to scrap metal and pig iron
Фото: Горы литейного чугуна в Мариупольском порту / facebook.com / ММТП

During January - March 2021, 4.92 million tons of ferrous metals were exported from Ukraine in the amount of 2.67 billion US dollars. Compared to the previous year, there is an increase in export deliveries in physical terms by 2.1%, in monetary terms - an increase in foreign exchange earnings by 29.8%. Exports of scrap metal quadrupled and amounted to 49.1 thousand tons, sales of pig iron increased by 8.9% to 713.7 thousand tons. At the same time, supplies abroad of semi-finished steel products (square billets, slabs, etc.) decreased by 1.8% - to 2 million 018.0 thousand tons.

According to customs statistics, Ukrainian exports of ferrous metals are mainly represented by semi-finished steel (41.0%) and metallurgical raw materials (18.5%). At the same time, finished rolled steel accounts for 40.5% of the share of exports of ferrous metals.

The main consumers of Ukrainian steel and metallurgical raw materials in January - March 2021 were the EU-28 countries (31.0%), Africa (13.0%), European countries (14.5%), the CIS (6.5 %) and the countries of the Middle East (12.0%).

Exports of iron ore raw materials from Ukraine in January-March 2021 amounted to 10.6 million tons, which is slightly less than the volume of external shipments for the same period of the previous year by 5.3%, when 11.2 million tons were exported.

The share of exports of ferrous metals in the structure of total receipts from exports to Ukraine of goods for three months amounted to 19.4% against 16.7% in January-March 2020.

Imports of ferrous metals to Ukraine during 3 months of 2021 decreased by 23.1% (to 207.4 thousand tons). Scrap metal imports amounted to 5.6 thousand tons, which is almost twice as much as in the previous year.

Recall that in March, for the first time in many years, the Mariupol port started shipping cast iron . The first batch of such cargo produced by the Ilyich Iron and Steel Works in the last decade was shipped to Turkish consumers.

МЕТАЛЛУРГПРОМ
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