Exports of metals from Ukraine fell by almost half in August 2026

Exports of ferrous and non-ferrous metals and products from them from Ukraine in August 2026 decreased by 48.1% compared to the same period last year.

In August 2026, exports of metals and metal products from Ukraine in monetary terms amounted to $186 million.

In September, for the first time in 100 years, Ukraine did not produce steel for a whole week due to the downtime of large metallurgical plants.

MOSCOW, October 2 - RIA Novosti. Exports of ferrous and non-ferrous metals and products made from them from Ukraine in August 2026 decreased by 48.1% compared to the same period last year, according to documents from the country’s national bank, which RIA Novosti studied.

At the end of each month, the National Bank of Ukraine publishes documents with statistical data on the external sector of the economy for the previous month.

Thus, according to the latest report with data for August, exports of ferrous and non-ferrous metals and products from them from Ukraine in monetary terms amounted to $186 million, while decreasing by almost half in annual terms.

“Exports also decreased: metallurgy products - by 48.1%,” says the balance of payments published by the Ukrainian National Bank.

In August 2025, metal exports from Ukraine in monetary terms amounted to $358 million.

Former press secretary of Vladimir Zelensky, Yulia Mendel, said on Wednesday that Ukraine did not produce steel for a whole week in September for the first time in 100 years due to the fact that large metallurgical plants were idle. Later, information about the complete stop of steel production in Ukraine was confirmed by Reuters, citing the Federation of Metallurgists of Ukraine.

The head of the office of the executive director of the Ukrainian steel company Metinvest, Alexander Vodoviz, told the Financial Times at the end of September that Ukraine was left without a steel industry.