Украина в январе сократила экспорт железной руды на 6,9%(c) shutterstock

In monetary terms, however, iron ore exports rose by 77.6%

According to the customs statistics, in January 2021, Ukrainian mining & metals companies reduced exports of iron ore and iron ore concentrates declined by 6.9% to 3.69 million tons y-o-y. While iron ore export revenues grew by 77.6% to $504.8 million.

China remains the main consumer of Ukrainian iron ore. Its share in Ukraine’s exports amounted to 37.8% in January. The Czech Republic ranked second (10.7%), followed by Poland (9.2%).

As GMK Center reported earlier, in 2020, Ukraine increased iron ore exports by 16% to 46.3 million tons against 2019. In monetary terms, iron ore exports grew by 24.8% to $4.24 billion.

The key iron ore producers in Ukraine include: Ingulets GOK (Mining and Processing Plant), Kryvyi Rih Iron Ore Plant, Poltava Mining, Northern GOK, Central GOK, Southern GOK, ArcelorMittal Kryvyi Rih, Sukha Balka GOK and Zaporizhzhia Iron Ore Plant.