In September 2023, Ukraine’s semi-finished steel products exports increased by 18.4% compared to the previous month, reaching 144.05 thousand tonnes, and by 88.3% compared to September 2022.

The exports value for this month increased by 16.9% monthly, reaching $66.02 million, and by 42.9% compared to the same month last year.

Compared with September 2022, in September 2023, Ukraine’s steel companies increased the semi-finished products export volume by 88.3% and revenue by 42.9%.

In the period from January to September 2023, Ukraine exported 924.5 thousand tonnes of semi-finished steel products, a decrease of 44.5% compared to the same period in 2022, with a value of $476.7 million, a decrease of 54.8% compared to the same period last year.

The major semi-finished steel products importers from Ukraine in January-September 2023 were Bulgaria with 35.6%, Poland with 26.5% and Italy with 9.9%.

Ukraine’s semi-finished product exports have gradually recovered and grown since the beginning of 2023. The most considerable export volume was recorded in May 2023, with 152 thousand tonnes.

In September, exports remained high after export rates slowed to 100-120 thousand tonnes in June and August.

In 2022, Ukraine’s semi-finished product exports decreased by 72% compared to 2021, reaching 1.89 million tonnes. In terms of value, exports decreased by 70.9% compared to 2021, reaching $1.19 billion.

The principal semi-finished product importers from Ukraine in 2022 were Bulgaria with 25.55%, Poland with 13.97% and Italy with 12.13%.