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UK's iron and steel imports from Ukraine fall by 37%

The UK has reduced imports of iron and steel products from Ukraine by 37 per cent in 2023 compared to 2022 to 34.6 thousand tons.

UK's iron and steel imports from Ukraine fall by 37%

Imports of metallurgical raw materials from Ukraine to the UK fell by 49.3% y/y, to 20.9 thousand tonnes. Iron ore and scrap metal of Ukrainian origin were not supplied to Britain last year. The supply of pig iron increased 2.9 times compared to 2022 - to 9.43 thousand tonnes. Import of ferroalloys from Ukraine amounted to 7.12 thousand tonnes, which is 3.6 times more than y/y, semi-finished products import showed significant decrease of 87.9% compared to the previous year to 4.35 thousand tonnes

In 2023, shipments of finished products of Ukrainian steelmakers to the UK increased by 0.6% y/y, to 13.69 thousand tonnes compared to 2022. The main volume of imports - flat hot-rolled steel 7.2 thousand tonnes (+61.9% y/y), flat cold-rolled steel 5.6 thousand tonnes (-4.3% y/y), About 1 thousand tonnes of imports of rolled products account for wire and rods of different grades.

Overall, Ukraine in 2023 reduced iron ore exports by 26% y/y to 17.7 million tonnes compared to 2022. Exports of pig iron fell by 5.8% y/y to 1.25 million tonnes, semi-finished products by 36.7% y/y to 1.2 million tonnes, ferroalloys by 4.9% y/y to 344,200 tonnes, long products by 31.4% y/y to 523,800 tonnes, and flat products by 26.4% y/y to 1.2 million tonnes.

In 2023, the UK reduced steel production by 6.5% y/y to 5.6 million tonnes, the second consecutive year of decline.


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