Ukraine’s exports of iron ore grew by 3.9% in February

Iron ore exports declined by 2% in January–February

According to the customs statistics, in February 2021, Ukrainian mining & metals companies increased exports of iron ore and iron ore concentrates by 3.9% to 3.4 million tons y-o-y. While iron ore export revenues grew 2.1 times to $568.5 million.

In 2M 2021, Ukraine exported 7.08 million tons of iron ore, 2% down from the same period of 2020. In January–February, Ukraine’s mining companies increased revenues from iron ore exports by 92.9% to $1.07 billion compared to the same period of the previous year.

China remains the main consumer of Ukrainian iron ore. Its share in Ukraine’s exports accounted for 40.4% in 2M. Germany ranked second (10.2%), followed by Poland (9.5%).

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.