Ukraine’s iron ore exports grew by 11.4% in March

Revenue from iron ore exports increased by 16.7% in Q1

According to the customs statistics, revenue of Ukrainian mining & metals companies from exports of iron ore and iron ore concentrates grew by 11.4% to $325.3 million in March 2020 against March 2019.

Iron ore exports grew by 30.6% in physical terms to 4.7 million tons.

In Q1 2020, Ukraine’s mining companies increased revenue from iron ore exports by 16.7% to $881.7 million compared to the same period of the previous year.

In January–March, Ukrainian steelmakers exported 11.2 million tons of iron ore. This is 18.2% up from Q1 2019.

The share of China in the structure of iron ore exports in Q1 grew by more than 2.5 times, to 52%. Poland is ranked second in terms of exports from Ukraine (11.8%), followed by Austria (6.9%).

In 2019, Ukraine increased iron ore exports by 18.5% to $3.398 billion compared to 2018. Iron ore imports amounted to 14.245 thousand tons, or $1.412 million.

The key iron ore producers in Ukraine include: Sukha Balka GOK (Mining and Processing Plant), Zaporizhzhia Iron Ore Plant, Ingulets GOK, Kryvyi Rih Iron Ore Plant, Poltava Mining, Northern GOK, Central GOK, Southern GOK, ArcelorMittal Kryvyi Rih.