In November 2022, Ukrainian iron and steel enterprises increased the export of titanium ores by 64.7% compared to the same month of 2021 – up to 17.53 thousand tons. In monetary terms, exports for this period increased by 10% y/y – up to $8.09 million. This is evidenced by State Customs Service’s data.
On a monthly basis, the export of titanium ores from Ukraine in November 2022 decreased by 40.2% in physical terms and by 36.4% in monetary terms.
In January-November 2022, Ukrainian enterprises exported 290.93 thousand tons of titanium ores, which is 36.5% less than in the same period of 2021. Revenue from exports for this period decreased by 9.4% y/y – to $119.4 million.
The main consumers of Ukrainian titanium ores in January-November 2022 were the Czech Republic (49.38% in monetary terms), the USA (12.48%), and Poland (6.8%).
As GMK Center reporetd earlier, in 2021, Ukraine increased exports of titanium ores and concentrate by 3% compared to 2020 – up to 553.05 thousand tons. In monetary terms, during this period, exports increased by 17% y/y – up to $161.9 million. The main deliveries were made to Mexico (21.23% of deliveries in monetary terms).
Ukraine is one of the few countries with a closed production cycle in the titanium industry, from the extraction of titanium-containing ores and their processing to the production of finished products.
United Mining and Chemical Company, Mizhrichensky Mining and Valky-Ilmenit currently mine titanium ores in Ukraine. In addition, Velta has built a 240,000-ton ilmenite concentrate mining and quarry at the Birzulivske field.
Austrian steelmakers increased steel production by 19.1% in March 2024 compared to February this year,…
Since the beginning of 2024, Kametstal has shipped almost 160 thousand tons of products produced…
China's National Development and Reform Commission (NDRC) has identified the first list of low-carbon demonstration…
Demand for steel in India in fiscal year 2024/2025 (ending in March 2025) will grow…
Global decarbonization is turning electrical steel into one of the key products of China's ferrous…
The United Arab Emirates (UAE) and Oman have signed an investment agreement worth AED 117…