In 2M 2021, steelmakers cut shipments of pig iron by 24.4%
According to the customs statistics, in February 2021, Ukrainian mining & metals companies increased pig iron export volumes by 15.5% to 189 thousand tons against February last year. Revenues from pig iron exports grew by 57.1% to $76.1 million.
In January–February 2021, Ukrainian steel producers increased pig iron export revenues by 0.7% to $154.2 million compared to the same period of 2020.
In the same period, steelmaking companies exported 383.5 thousand tons of pig iron, 24.4% down from 2M 2020.
The main export market for Ukraine’s pig iron is the U.S. (66.9%). The share of Turkey in the total exports of Ukrainian pig iron in January–February was 8.8%. Brazil ranked third (7.4%).
As GMK Center reported earlier, in 2020, volumes of 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%).