Ukraine’s exports of pig iron is 33.4% up in April

In April 2020, Ukrainian steelmakers increased pig iron exports by 33.4% to 304.9 thousand tons against April last year.

In monetary terms, pig iron exports grew by 18% to $89.2 million,

according to the customs statistics.

Revenue from pig iron exports and its tonnage more than doubled in April against March.

In the first four months of the year, Ukrainian steel producers increased revenue from pig iron exports by 1.7% to $286 million compared to the same period of 2019.

In January–April, steelmaking companies exported 960.2 thousand tons of pig iron. This is 11.9% up from January–April last year.

The main export market of Ukraine’s pig iron is the U.S. (58.00%). The share of the U.S. in the total exports of pig iron increased by 10.6 p.p. against January–March.

The share of China in the total exports of Ukrainian pig iron in January–April was 20.62%. In January–March, the country did not import pig iron from Ukraine. Turkey ranks third in terms of imports from Ukraine (7.20%).

In 2019, Ukraine’s exports of pig iron decreased by 23.8% to $801.9 million compared to the previous year. In physical terms, pig iron exports fell 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%).