Ukraine’s exports of iron ore fell by 17.7% in May

In May 2020, Ukrainian mining & metals companies reduced exports of iron ore and iron ore concentrates by 17.7% to 3.4 million tons against May last year.

In monetary terms, iron ore exports fell by 29.2% to $267.6 million against May 2019, according to the customs statistics.

Exports of iron ore and iron ore concentrates from Ukraine in May shrank by 25.8% in monetary terms and by 19.6% in physical terms against April 2020.

In January–May, Ukrainian steelmakers exported 18.9 million tons of iron ore. This is 11.9% up from the first five months of 2019.

Over the first five months of this year, Ukraine’s mining companies increased iron ore exports revenue by 5.7% to $1.51 billion compared to the same period of the previous year.

China remains the main consumer of Ukrainian iron ore. Its share in Ukraine’s exports was 58.06% over the five months. Poland ranked second (10.07%), followed by the Czech Republic (6.87%).

In 2019, iron ore exports grew by 8.1% in physical terms to 39.9 million tons and by 18.5% to $3.398 billion in monetary terms against 2018.

The key iron ore producers in Ukraine include: Sukha Balka GOK (Mining and Processing Plant), Zaporizhzhia Iron Ore Plant, Ingulets GOK, Kryvyi Rih Iron Ore Plant, Poltava Mining, Northern GOK, Central GOK, Southern GOK, ArcelorMittal Kryvyi Rih.