The port of Riga in January-May increased transshipment of ferrous metals by 41.6% y/y

In January-May 2023, the Freeport of Riga increased the transshipment of ferrous metals (scrap, steel products, ferroalloys) by 41.6% compared to the same period in 2022 – up to 251 thousand tons. This is evidenced by data published on the port’s website.

The transshipment of iron ore in the port of Riga for five months of 2023 amounted to 142 thousand tons, which is 44.2% less compared to the same period in 2022. In January-May, Riga port workers handled 393,000 tons of iron and steel cargo. This is 9% less y/y.

In general, in January-May 2023, the Port of Riga reduced cargo transshipment by 11.8% compared to the same period in 2022 – to 8.32 million tons. 4.81 million tons of bulk cargo were handled (-12.8% y/y) in 5 months, in particular:

  • coke and coal – 1.11 mln t (-43.2% yoy);
  • grain and grain products – 1.05 million tons (+20.5%);
  • chemical cargoes – 200.6 thousand tons (-31.4%);
  • timber – 677.8 thousand tons (+1.3%);
  • other bulk cargo – 427.6 thousand tons (+27.2%).

General cargo handling in 5M 2023 decreased by 5.2% y/y – to 3.07 million tons, and bulk – by 35.6%, to 436.1 thousand tons.

In 2022, the Freeport of Riga reduced transshipment of iron and steel cargoes by 4.5% compared to 2021 – to 1.47 million tons. Iron ore processing volumes amounted to 954.6 thousand tons, and ferrous metals – 28.7 thousand tons, which is 16.8% more and 28.7% less, respectively, y/y. In general, in 2022, the port reduced cargo transshipment by 9.3% year-on-year – to 21.5 million tons.

As GMK Center reported earlier, after the start of the war, seaports of Ukraine were closed due to mine danger, as well as the threat of piracy by ships of the Black Sea Fleet of the Russian Federation. Cargo turnover of sea trade ports of Ukraine since the beginning of the military invasion of Russia has decreased to a minimum

Ukraine considered the possibility of export of steel products and grains to the world market through the ports of the Baltic Sea. The Minister of Infrastructure of Ukraine met with colleagues from the Baltic States and Poland to discuss the possibility of creating new transport corridors.

  • Companies

BYD has chosen voestalpine as its steel supplier for its Hungarian car plant

Chinese car manufacturer BYD has signed a strategic cooperation agreement with leading European steel producer…

Sunday June 29, 2025
  • Companies

Tenaris has begun construction of its second wind farm in Argentina

Tenaris has announced the start of construction of its second wind farm in Argentina, La…

Saturday June 28, 2025
  • Companies

Metinvest has created protective armor for Patriot air defense systems

As part of the Steel Front initiative, Metinvest Group has manufactured and installed special protective…

Saturday June 28, 2025
  • Companies

Arvedi Group raises €900 million to expand production and decarbonize

Italian steel company Arvedi Group has raised €900 million in financing to implement a large-scale…

Friday June 27, 2025
  • Global Market

Domestic demand for steel in China continues to fall

Domestic demand for steel in China, according to market participants' estimates, continued to fall in…

Friday June 27, 2025
  • Industry

Construction works performed in Ukraine in January-April fell by 13% y/y

The index of construction work performed in Ukraine in January-April 2025 decreased by 13% compared…

Friday June 27, 2025