Revenues from pig iron exports declined by 25.5% in January
In January 2021, Ukrainian mining & metals companies decreased exports of pig iron by 43.3% to 194.5 thousand tons against January last year. In monetary terms, pig iron exports fell by 25.5% to $78 million, according to the customs statistics.
The main export market for Ukraine’s pig iron is the U.S. (59.4%). The share of Brazil in the total exports of Ukrainian pig iron in January was 14.6%. Turkey ranked third (15.4%).
As GMK Center reported earlier, in 2020, Ukraine’s pig iron exports grew by 20.3% to 3.1 million tons against 2019. Revenues from pig iron exports rose by 15% to $922.2 million.
In 2020, Ukraine sold more than a half of its pig iron to the U.S. (58.5%). China ranked second in terms of volumes of imports from Ukraine (21.8%), followed by Turkey (5.9%).