In December 2022, Ukrainian steel enterprises reduced their exports of semi-finished products by 16.2 percent compared to the previous month, to 75.14 thousand tons. In December 2022, the income of enterprises from exports decreased by 17.3% monthly to $ 43.84 million.
In December 2022, shipments of semi-finished steel products from Ukraine decreased by 86.8% in physical terms and by 87.3% in monetary terms, year on year.
In 2022, semi-finished product exports decreased by 72% compared to the same period of the previous year and amounted to 1.899 million tons. In monetary terms, semi-finished products exports decreased by 70.9 percent year on year in the 12 months of 2022 to $1.19 billion.
The low production of Ukrainian steelmakers was left with logistical problems and the unfavorable situation in the world market. After the Russian invasion of Ukraine at the end of February 2022, Europe became the only market for Ukrainian products. Steel mills' costs for shipping rolled steel to customers have increased by at least 2 times, and demand for products has fallen due to adverse market conditions.
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