Ukraine’s exports of pig iron increased by 20.3% in 2020

In 2020, Ukrainian steelmakers increased pig iron exports by 20.3% to 3.1 million tons compared to 2019. Revenues from pig iron exports grew by 15% to $922.2 million, according to the customs statistics.

In December 2020, Ukrainian steel producers increased pig iron export revenues by 53.6% to $96.1 million compared to December 2019.

In the same period, steelmaking companies exported 277.01 thousand tons of pig iron, 21.3% up from December 2019.

The main export market for Ukraine’s pig iron is the U.S. (58.5%). The share of China in the total exports of Ukrainian pig iron in 2020 was 21.8%. Turkey ranked third (5.9%).

As GMK Center reported earlier, in 2019, Ukraine’s revenues from pig iron exports declined by 23.8% to $801.9 million compared to 2018. In physical terms, pig iron exports dropped by 14.2% to 2.6 million tons.

In 2019, Ukraine sold more than a half of its pig iron to the U.S. (58%). Italy ranked second in terms of imports from Ukraine (12.43%), followed by Turkey (10.27%).