According to Open4business, Ukraine’s foreign exchange earnings from ferrous metal exports in July 2026 totaled $199.9 million, which is nearly 32% less than in June, when exports brought in $293.6 million, according to data from the State Customs Service.

Thus, July was noticeably weaker than the previous month for Ukrainian metallurgical exports.

Overall, from January through July, companies in the sector earned $1.678 billion from ferrous metal exports, which is 7.6% less than during the same period last year.

At the same time, imports of ferrous metals in July totaled $176.4 million. The difference between exports and imports thus narrowed to approximately $23.5 million for the month.

Over the seven-month period, metal imports rose by 7.2% to $1.023 billion.

The decline in July’s export revenue follows two years of recovery in metallurgical exports. In 2024, their value rose by 16.9%, and in 2025, by another 7.85%.

exports Imports metallurgy revenue steel

Last modified: August 24, 2026