Export earnings of Ukraine from trade in semi-finished steel decreased by 60%
According to statistics released by the State Customs Service of Ukraine (SCSU), in monetary terms, the export of semi-finished products from carbon steel in January-July 2022 decreased by 59.3% - to $955.049 million, and in kind - by 64% - to 1.5 million tons.
Most of the supplies of Ukrainian steel were carried out to Bulgaria (21.68% of supplies in monetary terms), Italy (14.75%) and Turkey (11.2%).
In addition, Ukrainian enterprises in January-July 2022 reduced the export of ferrous scrap by 3.55 times compared to the same period last year to 29.16 thousand tons. In monetary terms, the export of scrap metal over this period decreased by 9.9 times to $12.37 million.
As reported, Ukraine in 2021 reduced the export of semi-finished products from carbon steel in physical terms by 9.5% compared to 2020, to 6.78 million tons. In monetary terms, the export of semi-finished products from carbon steel increased by 48.8% over the year, to almost $5 billion.