Ukraine reduced its iron ore exports by 8% year on year in 2025, reaching around 30.99 million tonnes compared with 2024, according to calculations by the GMK Center based on data from the State Customs Service of Ukraine. China remains the largest traditional importer of Ukrainian iron ore, with shipments totaling 16.41 million tonnes during […]
Ukraine’s iron ore exports declined by 8% in 2025 Read More »
The Russian government has announced a decision to impose export quotas subject to customs duties on shipments of iron scrap and mixed ferrous metals to countries outside the Eurasian Economic Union (EAEU), effective from January 1, 2026, until December 31 of the same year. The move aims to provide industrial companies with the opportunity to
Ukraine’s ferrous scrap sector recorded notable growth in exports during the period from January to November 2025, with exports of iron and steel scrap increasing by 45.3% compared to the same period in 2024, reaching approximately 380.16 thousand tons. This volume has already exceeded last year’s total shipments by more than 86 thousand tons, according
Ukraine’s Scrap Exports Rise by 45% In January–November 2025 Read More »
Ukrainian steel companies recorded a significant drop in exports of semi-finished steel products during the January–November 2025 period. Export volumes fell by 30.5% compared with the same period of 2024, reaching approximately 1.22 million tons, according to data from the State Customs Service and analysis by the GMK Center. Bulgaria ranked as the leading destination
Ukraine’s semi-finished steel exports decline by 30.5% in January–November Read More »
Ukraine’s steel exports saw a notable decline in the first ten months of 2025, falling by 9.9% to 3.68 million tons, according to data released by the Ukrainian Steel Association. Total steel production in the same period reached 5.38 million tons, compared to 5.26 million tons in the previous year, while the local market consumed
Ukraine’s Steel Exports Drop by 9.9% in January – October 2025 Read More »
Ukraine’s imports of flat products increased by 13.1% year-on-year during the period from January to September 2025, reaching 832.2 thousand tons, according to data from the State Customs Service of Ukraine and estimates by GMK Center. Coated flat steel products (HS code 7210) accounted for about 50% of total imports, amounting to 409.42 thousand tons,
Ukraine’s Imports of Flat Products Rise by 13.1% in January–September 2025 Read More »
Data from the Ukrainian Steel Association Ukrmetallurgprom showed that Ukraine’s steel exports fell by 13% in the January–August 2025 period, totaling 2.48 million mt compared to 2.85 million mt in the same period of 2024. Meanwhile, domestic consumption increased by 22.4% to 2.81 million mt, of which 1.04 million mt was supplied through imports, which
Ukraine’s steel exports down 13% as domestic consumption rises Read More »
From January to August 2025, Ukrainian steelmakers reduced their flat rolled steel exports by 1.5% compared to the same period in 2024, reaching around 1.1 million tons, according to State Customs Service data analyzed by GMK Center. More than 80% of these exports consisted of hot-rolled flat products (HS code 7208), totaling 911.94 thousand tons,
Ukraine’s Flat Steel Exports Exceed 1.1 Million Tons in January – August 2025 Read More »
In January-April 2025, the Ukrainian long products market showed a significant increase in imports, up 81.1% year-on-year – to 70.78 thousand tons. This is evidenced by GMK Center’s calculations based on the State Customs Service data. Angles, shaped and special profiles (HS 7216) accounted for the bulk of supplies, amounting to 31.11 thousand tons, up
Ukraine increased imports of long products by 81.1% in Jan.-Apr. 2025 Read More »
The United Arab Emirates, represented by the Ministry of Finance, has successfully concluded the final round of negotiations for Double Taxation Avoidance Agreement on income and capital with the Russian Federation. This milestone underscores the UAE’s commitment to strengthening economic and tax cooperation, fostering a business-friendly environment that protects taxpayers’ rights, prevents double taxation, and
UAE, Russia hold final round of negotiations for Double Taxation Avoidance Agreement Read More »
The Ministry of Economic Development of the Russian Federation has announced that it has extended the ferrous waste and scrap quota for exports outside the Eurasian Economic Union (EAEU), setting the quota volume at 1.5 million mt for 2025. According to the resolution, the export quota will be valid between January 1 and December 31.
Russia extends scrap export quota for 2025 Read More »
In January-November 2024, Ukraine’s flat steel imports increased by 7.8% compared to the same period in 2023, reaching 895.67 thousand tons. This is according to the State Customs Service. Coated steel products (HS 7210) accounted for the largest share of imports with a volume of 426.35 thousand tons, up 4.7% year-on-year. Hot-rolled flat steel products
Ukraine’s flat steel imports up 7.8% in January-November 2024 Read More »
The Russian government has decided to increase the volume of its quota for exports of ferrous scrap and waste metals to destinations outside the customs territory of the Eurasian Economic Union (EAEU), which includes Armenia, Belarus, Kazakhstan, yrgyzstan and Russia, according to local media reports. As a result, the scrap quota volume for exports will
Russia increases volume of scrap export quota outside EAEU Read More »
in January-September 2024, Ukrainian steelmakers increased exports of semi-finished steel products by 65.5% compared to the same period in 2023, to 1.53 million tons. This is evidenced by data from the State Customs Service. In September, exports of Ukrainian semi-finished products amounted to 224.09 thousand tons, up 12.9% month-on-month and 55.6% y/y. The average monthly
Ukraine exported 1.53 million tons of semi-finished products in January-September 2024 Read More »
Russian steel prices rose as much as 20% in the first half of 2024, as demand for housing and infrastructure rebounded despite a nearly three-year war with neighboring Ukraine and Western sanctions on Moscow. Russian steel prices have risen between 5% and 20% since the start of the year, with demand up about 6% in
Russian Steel Prices Up to 20% as Demand Rebounds Read More »
In June, Ukraine’s exports of semi-finished steel products amounted to 119.81 thousand tons, down 35.2% compared to June 2023 and 18% more than the previous month, according to data from the State Customs Service. The volume in June is the lowest since March of this year, when Ukrainian steel companies exported 86.99 thousand tons of
Ukraine’s exports of semi-finished steel products increased by 61.6% in H1 of 2024 Read More »
In March 2024, Ukraine’s exports of semi-finished steel products to the EU increased by 10.7% M-o-M and by 78% Y-o-Y, to 110.8 thousand tons. The value of these exports increased by 12.7% month-on-month and 74% year-on-year to €58.94 million. In Q1 of 2024, Ukraine exported 291.6 thousand tons of semi-finished steel products to the EU,
In April 2024, Ukraine’s iron ore exports increased by 2% compared to the previous month, reaching 3.41 million tons. Compared to April 2023, exports increased twice. This is according to data from the government customs department. Ukraine’s revenues from iron ore exports last April amounted to $265.23 million, a decrease of 14.6% on a monthly
Ukraine’s iron ore exports increased 2.3 times in January-April 2024 Read More »
According to the provisional foreign trade statistics compiled by the Turkish Statistical Institute (TUIK), in February this year Turkey’s foreign trade deficit decreased by 44.2% to $6.77 billion compared to February 2023. In the January-February period this year, Turkey’s foreign trade deficit went down by 51.0% year on year to $12.95 billion. In February, Turkey’s
Turkey’s steel export value up 25.4% in January – February 2023 Read More »
The governor of the Russian Lipetsk region, Igor Artamonov, said on Saturday that a fire broke out at the main factory of the Russian steelmaker NLMK, on the second anniversary of the war in Ukraine. The governor added that preliminary data indicate that the fire that broke out at the Novolipetsk steel plant was caused
A fire breaks out in a Russian steel factory on the second anniversary of the war Read More »
Russia’s steel consumption increased in 2023 by 7% year-on-year to 46.3 million tonnes, Russian steelmaker Severstal estimates – Kallanish . The main drivers of Russia’s economic growth remain large-scale infrastructure projects and projects aimed at import substitution across all major sectors, with a primary focus on engineering and manufacturing. Although the Russian economy experienced growth
Russia’s steel consumption surged by 7% in 2023 Read More »
In December 2023, Ukraine exported 98.72 thousand tons of semi-finished products, up 40.7% month-on-month and 31.4% y/y. Export revenue for the month increased by 42.7% m/m and 5.9% y/y. The average monthly export volume of semi-finished products for the year amounted to 100.3 thousand tons, compared to 158.3 thousand tons in 2022. In 2023, Ukrainian
Ukraine exported 1.2 million tons of semi-finished products in 2023 Read More »
The green transformation of Metinvest Group’s Ukrainian assets could cost about $9 billion. Yuriy Ryzhenkov, CEO of Metinvest, told Forbes in an interview. At the same time, he noted that Ukraine has already lost at least two years to start this process due to the war. According to the Group’s CEO, the implementation of the
In November 2023, Ukraine’s exports of flat steel increased by 25.7% compared to October 2023, reaching 130.4 thousand tons and rose 2.3 times compared to November 2022, according to data from the State Customs Service. In terms of value, exports of these products increased by 21.2% on a monthly basis to reach $76.2 million and
Ukraine’s exports of flat steel increased by 26% in November Read More »
In 2024, ArcelorMittal Kryvyi Rih plans to increase its production capacity utilization from 30% to 50%. This was stated by the company’s CEO Mauro Longobardo during a meeting with a German delegation, Metallurg newspaper reports. According to him, the plant is ready to increase production as soon as possible and support Ukraine in its post-war
ArcelorMittal plans to increase capacity utilization to 50% in 2024 Read More »
In September 2023, Ukrainian pipe companies produced 36.9 thousand tons of pipes, a decrease of 10.2% compared to September 2022. A decrease of 11.7% compared to August. In the period from January to September 2023, Ukraine’s pipe production increased by 5.1% compared to the same period in 2022, reaching 376.1 thousand tons. In 2022, Ukraine
Ukraine’s pipes production increased by 5.1% during January-September 2023 Read More »
In October 2023, steel companies of Ukraine reduced their exports of semi-finished products by 23.6% compared to September 2023 and increased by 59.6% compared to October 2022, reaching 110.12 thousand tons. The value of exports for this month decreased by 19.9% on a monthly basis and increased by 34.5% on an annual basis, reaching $52.9
After Ukraine’s pig iron exports recovered to a stable monthly average in September, exports fell sharply again. The decline in exports is due to the unfavorable situation in the EU market – the main export market for the Ukrainian steel industry, where the closure of steel companies in the EU amid weak demand for… Steel
Ukraine’s pig iron exports fell by 58% in October 2023 Read More »
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
Report: scrap collection in Ukraine decreased by 25.2% during the first half of 2023 In June 2023, the scrap collection volume in Ukraine increased by 11.6% compared to May 2023 and raised by 2.06 times compared to June 2022, reaching 86.7 thousand tonnes. This is according to the report of the Ukrainian Association of Mineral
Report: scrap collection in Ukraine decreased by 25.2% during the first half of 2023 Read More »