Ukraine exported 1.73 million tons of pig iron in January-November

In January-November 2025, Ukrainian steel companies increased their exports of pig iron by 49% compared to the same period in 2024, to 1.73 million tons. This is evidenced by GMK Center calculations based on data from the State Customs Service.

During this period, 1.28 million tons of pig iron were shipped to the US, up 55.7% year-on-year, 233,810 tons to Italy (+150.7% year-on-year), 52,220 tons to Poland (-14.1% year-on-year), and the Netherlands – 52.03 thousand tons.

In November, shipments fell by 25.5% month-on-month and 25.6% year-on-year to 142.11 thousand tons. The US market received 56.95 thousand tons of pig iron (-51.4% month-on-month; -63% year-on-year), while Poland received 6.06 thousand tons (-31% month-on-month; +31.6% year-on-year). Italy imported 46.83 thousand tons of products (-5.1% month-on-month). The Netherlands did not import any pig iron from Ukraine.

Revenue from pig iron exports in November amounted to $50.57 million, which is 28.2% less than in October and 33.6% y/y. Over 11 months, the indicator grew by 48.5% y/y, to $669.12 million.

It should be noted that in 2024, Ukraine increased its exports of commercial cast 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 revenue for the year increased 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 cargoes. 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, it consumed only 5%.