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.
In January-February 2024, Germany increased its imports of rolled steel products from third countries by…
Belgian steelmakers reduced steel production by 5.7% in March 2024 compared to March 2023, to…
In 2023 Ferrexpo, the London listed iron ore company with assets in Ukraine, emitted 384…
In 2023 Ferrexpo, the London listed iron ore company with assets in Ukraine, recorded zero…
The International Chamber of Commerce (ICC) has identified a number of problems faced by companies…
In January-February 2024, Poland increased imports of rolled steel products from third countries by 69.6%…