11,024.33 TRY BIST 100 BIST 100
4.57 CNY CNY CNY
32.97 USD USD USD
35.87 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
40.55 TRY Interest Interest
85.89 USD Fossil Oil Fossil Oil
31.06 USD Silver Silver
4.49 USD Copper Copper
107.83 USD Iron Ore Iron Ore
382.00 USD Shipbreaking Scrap Shipbreaking Scrap
2,553.39 TRY Gold (gr) Gold (gr)

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.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In
SteelRadar Insight - Sayı 1 (Haziran 2024)

Most read news

ASEAN-6 region saw an increase in total scrap demand

Wednesday, July 10, 2024

New era in EU steel quotas : Türkiye hits capacity on 4 products

Thursday, July 11, 2024

Shyam Metalics and Energy announced its consolidated net profit in the 4th quarter

Thursday, July 11, 2024

Steel production on the increase in Spain!

Thursday, July 11, 2024

Chinese scrap market follows a volatile trend

Friday, July 12, 2024
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now