Export revenues rose by 88.3%

According to the customs statistics, in September 2021, Ukrainian mining & metals companies increased exports of pig iron by 9.4% to 268.2 thousand tons against September 2020. In monetary terms, exports of pig iron rose by 88.3% to $138.5 million.

In January–September, Ukrainian steel producers increased revenues from pig iron exports by 93.1% to $1.27 million y-o-y.

In 9M, Ukrainian steelmakers exported 2.44 million tons of pig iron, 6.4% up from January–September 2020.

The main export market for Ukraine’s pig iron is the U.S. (57%). The share of Italy in the total exports of Ukrainian pig iron in January–August was 20.2%. Turkey ranked third (9.7%).

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%).