The Ukrainian metallurgy sector is under significant pressure in 2025 due to falling global prices for products and rising production costs. As of the end of January-April 2025, export revenues for domestic metallurgists have significantly decreased, negatively impacting the economic stability of the industry.
This is reported by Business • Media
Decline in Iron Ore Exports and Financial Losses
The export of iron ore has been particularly hard hit: in the first four months of 2025, shipment volumes decreased by 10.2%, totaling 11.15 million tons. In monetary terms, this reduction is even more substantial – by 20.9%, amounting to $892.99 million. Experts note that this trend is a result of a sharp decline in prices on foreign markets, complicating the operations of Ukrainian metallurgical enterprises.
“The situation resembles a pair of scissors: production costs are rising due to high tariffs from state monopolies, while prices for finished products are falling. To avoid accumulating losses, it is necessary to reduce shipments,” experts explain.
Forecast of Losses and Tax Revenues
According to analysts, if the current situation persists, the total losses in export revenues for Ukraine’s mining and metallurgy complex in 2025 may exceed $1 billion. The results for the first four months confirm forecasts regarding the further complication of the pricing situation in global markets and a reduction in steel export volumes this year. At the same time, over the past five years, the largest metallurgical companies in Ukraine have contributed a total of ₴190 billion in taxes and fees to the state budget, equivalent to $6.2 billion, indicating the significant contribution of the industry to the country’s economy.