The Russian government has removed the iron and steel semi-finished products, manufactured in the Donetsk and Luhansk People’s Republics, terrorist organizations created and supported by Russia, from the export rate duties until the end of the year. In particular, the temporarily occupied territories can export 900 thousand tons of semi-finished steel products made of iron…
In January-March, steel consumption in the Czech Republic decreased by 130 thousand tons YoY, to 1.37 million tons, due to low demand, because of high energy-carriers prices, high inflation and uncertain geopolitical situation caused by the Russian invasion of Ukraine. At the same time, steel consumption grew from the historical low of 1.23 million tons…
In 2023, Ukraine increased apparent steel consumption by 55% YoY, to 3.4 million tons. According to Worldsteel, there were no Ukrainian companies among the top 50 in 2022-2023, although Metinvest was on the list in 2014-2021. Last year, Ukraine produced 6.2 million tons of steel and occupied the 24th place among global steel producers (in…
The United States has prolonged the temporary suspension of duties on Ukrainian steel for another year. In 2023, Ukrainian steel accounted for less than 1% of all US steel imports. Last year, imports decreased compared with 2022 and were below even than the average imports in 2021. According to the first vice prime minister, minister…
In January-March, Ukraine decreased metal consumption by 27.3% YoY, to 610.4 thousand tons. The market received around 360 thousand tons of domestic products, or 26% of the output volume. Imports amounted to 250.4 thousand tons, or 41% of the domestic market capacity. The share of imports grew by 16.3%. The imports are dominated by flat…
In 2023, Ukraine sold 228.35 billion UAH worth of metal products, including 98 billion UAH of exports. According, to the State Statistics Service, in 2022, the volume was 240.96 billion UAH and exports – 33.36 billion UAH. In particular, last year Ukraine sold 160.49 billion UAH worth of pig iron, steel and ferroalloys, including 71.82…
In 2023, Ukrainian metal plants produced 5.37 million tons of rolled metal, up by 0.4% YoY, of which around 2.99 million tons were exported, or 55.6%. In 2022, the share of exports was 81.7% – 4.37 million tons exported of 5.35 million tons produced. The share of semi-finished steel products in exports amounted to 40.3%,…
In 2022, ferrous rolled metal in Ukraine increased in price by 21-28% YoY. According to Sergey Kovalenko, director of the National network of metal centers Vartis, the increase was due to the Russian invasion and inflation rate growth. The war has also affected demand and manufacturing capacities. In the second half of February 2023 or…
