According to the results of January-September 2025, Ukrainian metallurgical enterprises slightly reduced export revenues from the sale of ferrous metals. According to the State Customs Service, the volume of foreign currency earnings from the export of this product amounted to $2.392 billion, which is 0.3% less than in the same period last year. The share of ferrous metals in the overall structure of Ukraine’s goods exports increased from 7.78% to 8.09%.
This is reported by Finway
Import of Metallurgical Products Continues to Grow
At the same time, over the nine months of the current year, Ukraine’s expenditures on the import of ferrous metals significantly increased: by 15.7%, to $1.297 billion. This trend indicates a rise in domestic consumption or dependence on imported raw materials and products.
Dynamics of Export and Import of Metal Products and Ferroalloys
Exports of finished metal products from Ukraine during this period decreased by 4.1% and amounted to $692.308 million. Meanwhile, imports of metal products increased by 14.5%, to $900.256 million, indicating an intensification of purchases of this product abroad.
Ukrainian enterprises increased the export of ferroalloys by 22.5% — to $86.926 million. The main markets for these products were Poland, Algeria, and Turkey. At the same time, imports of ferroalloys halved — down 53%, to $56.990 million.
In the first nine months of 2025, the export of pig iron from Ukraine in monetary terms increased by 65.4% and reached $548.121 million. The largest amount of Ukrainian pig iron was supplied to the USA, which purchased over 79% of this volume. The import of pig iron into Ukraine during the same period amounted to 38 thousand tons worth $76,000.
“Ferrous metals accounted for 8.09% of the total export revenue during this period compared to 7.78% last year.”