Exclusive Ukraine exported 1.59 million tons of pig iron in January-October

The EU and the US accounted for the bulk of Ukrainian product consumption

In January-October 2025, Ukrainian steel enterprises increased pig iron exports by 63.6% compared to the same period in 2024, to 1.59 million tons. This is evidenced by GMK Center calculations based on data from the State Customs Service.

During this period, 1.23 million tons of pig iron were shipped to the US, which is 83% more year-on-year, 186,970 tons (+100.4% year-on-year) to Italy, 46,170 tons (-17.8% year-on-year) to Poland, and to the Netherlands – 52.03 thousand tons.

In October, shipments increased by 15.3% month-on-month and by 74.5% year-on-year, reaching 190.85 thousand tons. The US market received 117.25 thousand tons of pig iron (+15% m/m; +24.3% y/y), while Poland received 8.77 thousand tons (+67.6% m/m; -4.8% y/y). Italy imported 49.33 thousand tons of products (+125.3% month-on-month), and the Netherlands imported 6.5 thousand tons (-81.6% month-on-month).

Revenues from pig iron exports in October amounted to $70.43 million, which is 17% more than in September and 64.1% y/y. Over 10 months, the indicator grew by 65.2% y/y – to $618.55 million.

As a reminder, in 2024, Ukraine increased its exports of commercial pig iron by 3.4% compared to 2023, from 1.25 million tons to 1.29 million tons. At the same time, exports amounted to 1.32 million tons in 2022 and 3.23 million tons in 2021. Ukrainian steelmakers’ export revenues for the year grew by 6.1% to $500.34 million.

During the year, export destinations diversified. In particular, the United States became the main consumer of Ukrainian pig iron, mainly due to the restoration of maritime logistics for Ukrainian iron and steel cargo. At the same time, exports to the EU declined due to market stagnation. Thus, 940.21 thousand tons (+514% y/y) were shipped to the US, 102.49 thousand tons (+617%) to Turkey, 93.28 thousand tons (+61.9%) to Italy, and 63.05 thousand tons (-90%) to Poland. In 2023, Poland consumed more than half of Ukraine’s pig iron exports (633.34 thousand tons), while in 2024, only 5%.