Ukraine’s pig iron exports grew by 63% in October

In October 2020, Ukrainian mining & metals companies increased exports of pig iron by 62.7% to 287.7 thousand tons against October last year. In monetary terms, pig iron exports grew by 65.6% to $87.4 million, according to the customs statistics.

In January–October, Ukrainian steel producers increased revenue from pig iron exports by 15.1% to $742.9 million compared to the same period of 2019.

In 10M, Ukrainian steelmakers exported 2.6 million tons of pig iron. This is 28.4% up from January–October last year.

The main export market for Ukraine’s pig iron is the U.S. (56.9%). The share of China in the total exports of Ukrainian pig iron in January–September was 22.4%. Turkey ranked third (6.9%).

As GMK Center reported earlier, in 2019, Ukraine’s exports of pig iron declined by 23.8% to $801.9 million compared to the previous year. Pig iron exports dropped by 14.2% in physical terms 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%).