Export revenues almost tripled

According to the customs statistics, in August 2021, Ukrainian mining & metals companies increased exports of pig iron by 41.6% to 351.1 thousand tons against August 2020. In monetary terms, exports of pig iron grew by a factor of 2.9 to $202.1 million.

In January–August, Ukrainian steel producers increased revenues from pig iron exports by 93.7% to $1.13 million y-o-y.

In 8M, Ukrainian steelmakers exported 2.2 million tons of pig iron, 1.1% up from January–August 2020.

The main export market for Ukraine’s pig iron is the U.S. (57.1%). The share of Italy in the total exports of Ukrainian pig iron in January–August was 20.4%. Turkey ranked third (10.9%).

As GMK Center reported earlier, in 2020, volumes of Ukraine’s pig iron exports grew by 20.3% to 3.1 million tons against 2019. Revenues from pig iron exports rose by 15% to $922.2 million.

In 2020, Ukraine sold more than a half of its pig iron to the U.S. (58.5%). China ranked second in terms of volumes of imports from Ukraine (21.8%), followed by Turkey (5.9%).