Ukraine cut exports of titanium ores by half in May

Revenue of Ukrainian steelmaking companies from exports of titanium ores and concentrate dropped by 50.7% to $11.6 million in May 2020 against May last year.

In monetary terms, exports of this raw material decreased by 32.2%, according to the customs statistics.

Over the five months of 2020, exports of titanium ores in monetary terms decreased by 2.9% to $60.3 million compared to the same period of the previous year.

In January–May, companies exported a total of 249.7 thousand tons of titanium ores. This is 3% down from the same period of 2019.

The main export markets were Mexico (18.42%), Russia (15.57%) and Egypt (15.55%).

In 2019, Ukraine increased exports of titanium ores and concentrate by 23% to $154.6 million against the previous year. Conversely, exports of titanium ores and concentrate in physical terms grew by 3.6% to 620.9 thousand tons.