Ukraine’s exports of pig iron grew by 27.9% in May

Over the first five months, export revenue increased by 2.6%

In May 2020, Ukrainian steelmakers increased pig iron exports y 27.9% to 242.3 thousand tons against May last year.

In monetary terms, pig iron exports grew by 6.7% to $65.8 million, according to the customs statistics.

Revenue from pig iron exports in May fell by 12.9%, but increased by 6% in physical terms.

Over the first five months of the year, Ukrainian steel producers increased revenue from pig iron exports by 2.6% to $352 million compared to the same period of 2019.

In January–May, Ukrainian steelmakers exported 1.202 million tons of pig iron. This is 14.8% up from January–May last year.

The main export market of Ukraine’s pig iron is the U.S. (52.62%). The share of the U.S. in the total exports of pig iron dropped by 5.38 p.p. against January–April.

The share of China in the total exports of Ukrainian pig iron in January–May was 23.66%. Turkey ranks third in terms of imports from Ukraine (8.91%).

In 2019, Ukraine’s exports of pig iron decreased by 23.8% to $801.9 million compared to the previous year. In physical terms, pig iron exports fell by 14.2% to 2.6 million tons.

In 2019, Ukraine sold more than a half of its pig iron to the U.S. (58%). Italy ranked second in terms of imports from Ukraine (12.43%), followed by Turkey (10.27%).