Metallurgy’s contribution to Ukraine’s GDP increased to 7.2% last year. Industries in Ukraine’s mining and metallurgical complex (MMC) contributed 7.2% to Ukraine’s GDP in 2024, up from 5.7% in 2023. The increase in the MMC’s share resulted from a rise i... #GDPinUkraine #investments #MetallurgyUkraine #UkraineEconomy #UkrainianMetalExport
Despite last year’s increase in production, Ukraine’s largest mining and metallurgical enterprise remained unprofitable. ArcelorMittal Kryvyi Rih significantly increased its production indicators in 2024 but could not reach a break-even level. The main problems were the war, electricity shortage, high energy prices, exp... #ArcelorMittal #MetallurgyUkraine #PigIronProduction #SteelProductionUkraine #UkrainianMetalExport
How was the Ukrainian metal trade in 2024? In January-November, Ukrainian mining enterprises increased their iron ore raw materials exports by 87.4% compared to the same period last year – to 30.25 million tons. Revenue increased by 55.8% to $... #MetallurgyUkraine #SteelProductionUkraine #Turkey #UkraineSteelExport #UkrainianMetalExport
Faced with falling global prices, Ukraine risks losing its share of metallurgical exports. The situation in the Ukrainian mining segment shows a significant recovery, which began after the sea corridor’s opening last year. However, due to a drop in prices on the global metallurgical market,... #MetallurgicalProduction #MetallurgyUkraine #UkrainianMetalExport
Ukraine can replace Russia in many European market segments, particularly in pharmaceutical exports. According to NBU analysts, Ukrainian producers can replace the supply of goods and services from Russia and fill the EU market with the necessary finished products or raw materials. Prospective ways o... #DefenseTechnology #EUmarket #PharmaceuticalCompany #UkraineExport #UkrainianMetalExport
What goods dominated Ukraine’s exports at the beginning of the year? During the first five months of the year, the main volume of commodity exports was occupied by products of plant origin – 34.5%. Inexpensive metals (ferrous and non-ferrous) lost significant volume du... #agroexportukraine #UkraineExport #UkrainegoodsExport #UkrainianMetalExport
In July, Ukraine exported products worth almost $3B; the largest amount was shipped to the EU. In July, Ukraine sold $2.97B worth of products abroad, 9% more than in June. In metallurgy, records were set in the form of 219,000 tons of semi-finished iron products, which is 83% more than in June ... #agroexportukraine #TarasKachka #UkraineEconomy #UkraineExport #UkrainianMetalExport
Opening Ukraine’s seaports has helped iron ore company Ferrexpo increase its net profit by 100%. Iron ore company Ferrexpo, with assets in Ukraine, increased its January-June net profit by almost 100% compared to the same period last year – up to $55.49M; total sales increased by 85%, up to 3.8 m... #ferrexpo #MetallurgyUkraine #SeaPortsUkraine #UkraineMaritimeCorridor #UkrainianMetalExport
Ukraine has risen in the global rankings of iron and steel producers, and these products occupy 35-45% of export cargo transportation. Ukraine climbed to 13th place in the ranking of the largest iron-producing countries and 21st place in the list of the largest steel producers. In the first half of the year, Ukraine produced 3.47 mil... #IronExport #MetallurgyUkraine #SteelProductionUkraine #UkrainianMetalExport #Worldsteel
Ukraine is successfully replacing the Russian Federation in the European metal products market. According to Eurostat data, Ukrainian mining companies shipped 5.11 million tons of iron ore to the EU market in January-April, which is 3.7% more than in the same period last year. The costs for Euro... #IronOreExport #MetallurgyRussia #MetalProductsImport #UkrainianMetalExport #Ukrainianmetallurgy
Ukraine has already exported 45 million tons of goods by sea, and revenue from the export of metal products has increased by 16.5%, reaching $1B. About 1,600 ships exported 45 million tons of cargo from the ports of Odesa during the almost nine months of the Ukrainian Sea Corridor’s operation. In particular, 38 countries received more than 30 m... #agroexportukraine #BlackSeaPort #OdesaSeaport #UkraineExport #UkraineMaritimeCorridor #UkrainianMetalExport #Ukrainianmetallurgy
Ukraine increased its export of metal and iron ore raw materials. Head of the Committee on Finance Danylo Hetmantsev pointed out that, in the results from the first quarter of 2024, mining and metallurgical complex products account for almost 20% of all commodity ex... #agroexportukraine #DanyloHetmantsev #grainexport #IronOreExport #UkraineExport #UkrainianMetalExport
Ukrainian metallurgists plan to increase production by 15% this year. Oleksandr Kalenkov, President of the Ukrmetalurgprom association, said: “We hope that the volume of steel smelting in 2024 will not be lower than last year, and taking into account the plans of ... #IronOreExport #OleksandrKalenkov #SteelProductionUkraine #UkrainianMetalExport #Ukrainianmetallurgy
Ukraine is increasing its export of metal products to Poland. Even in war conditions and with a sharp reduction in production capacity, the large Polish market and its accessible logistics enabled Ukraine to increase its supply of metal products to the Polish ma... #MetallurgiaUkraine #SteelProductionUkraine #UkraineScrapExport #UkrainianMetalExport
Food and metal are the primary Ukrainian exports. According to Opendatabot, during January-July of this year, the total volume of exports from Ukraine amounted to $30.3B, 8% less than in the same period of 2022. Despite the decline, among the exports... #agroexportukraine #GrainAgreement #UkraineForeignTrade #UkrainianMetalExport #ВідвантаженнятоварівУкраїна
Export prices for Ukrainian goods will decrease due to the global increase in inventories. According to NBU estimates, supplies will reach their pre-pandemic level in 2025, that is, at the end of the planning horizon. By the third quarter of 2025, the National Bank predicts a steady decline... #grainexport #nbu #UkraineExport #UkrainianMetalExport
In January Ukraine’s export of iron, ferrous metals, and scrap decreased. In January 2023, Ukraine export of pig iron in natural terms declined by 29.6% compared to the same period last year to 135,070 tons. Exports in monetary terms decreased by 47.4% to $48.51M, according... #MetallurgiaUkraine #UkraineScrapExport #UkrainianMetalExport
Ukraine and the EU seek to displace Russian metal from the EU market. Ukrainian authorities are working with the EU on the issue of replacing Russian products on the EU market with Ukrainian products. In 2023, authorities will continue the dialogue on expanding the pres... #TarasKachka #UkraineMetallurgicalProduction #UkrainianMetalExport
Ukraine loses more than UAH 1.5B monthly from lost metal exports by sea. Currently, only the Danube ports are operating in Ukraine, but they cannot solve the existing logistical problems. Because of this, every month Ukraine loses more than $420M, which it could receive fr... #MetallurgiaUkraine #UkrainianExport #UkrainianMetalExport
Ukraine demands US sanctions for Russian metal products and asks for access to the American market. Minister of Economy of Ukraine Yuliya Svyridenko held meetings with US Commerce Minister Gina Raimondo, where she emphasized that the stabilization of the Ukrainian economy is based on stable exports,... #GinaRaimondo #MetallurgiaUkraine #UkrainianMetalExport #YuliyaSvyridenko
