In 2018, China remained the key iron ore market for Ukrainian steelmakers. Revenues of Ukraine’s mining & metals sector from shipments to the Middle Kingdom amounted to $652.6 million. The export flow however decreased by 11% compared to the previous year.
Poland ranked second by the value of imports of Ukrainian iron ore in 2018, $383 million. Ukraine’s exports of iron ore to this country increased by one third.
Slovakia, Czech Republic, Austria, Serbia, Hungary, Germany and Romania, with the total import volume of iron ore estimated at $1,567.6 million, ranked from the third to ninth position.
Among these countries, the demand for Ukrainian raw materials somewhat dropped only in Romania and Hungary. Other countries showed positive trends.
Japan rounded up the top ten largest importers of Ukrainian iron ore. Ukraine’s exports of iron ore to Japan in 2018 shrank by 6.6%, down to $97.3 million.
For more details see infographics of GMK Center.
Over the past six months, government grants for decarbonizing Europe’s steel industry have grown by…
The EU CBAM (Carbon Border Adjustment Mechanism) presents a significant challenge for global trade. As…
Spending on environmental protection in Ukraine has plummeted due to the full-scale aggression of the…
In 2024, the global steel market maintained its stabilization trend, with global production reaching 1.884…
In the EU, average monthly wholesale day-ahead prices continued to fall in May in most…
The Polish ferrous scrap market has been undergoing significant changes and growth in recent years.…