The trade of metal products between Ukraine and Turkey has changed since the beginning of the war.

Tuesday, January 23, 2024
The trade of metal products between Ukraine and Turkey has changed since the beginning of the war.

In 2022, due to the consequences of the war in Ukraine, there was a shortage of certain types of metal products, and Turkish rolling stock partially filled some empty niches in the market.

In the period between the pre-war year 2021 and 2023, Turkey increased its supply to the Ukrainian market of the following types of metal products: hot-rolled rolled products – to 155,800 tons; cold-rolled steel – to 53,200 tons; shaped rolled steel – to 46,000 tons; pipes – to 29,800 tons.

Among other significant types of metal products, a 41%, or 45,400 ton, decrease in Ukraine’s import of Turkish fittings from 2021 through 2023 was observed. However, these supplies also increased last year by 56% compared to 2022.

According to 2023’s results, Turkish steel imports accounted for about 40% of all foreign supplies of metal products to Ukraine.

At the same time, the supply of Ukrainian mining and metallurgical sector products to the Turkish market from 2021 to 2023 decreased by 90%.

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