Ukraine’s iron ore exports grew by 11% in July

Exports of iron ore grew by 16% in seven months

In July 2020, Ukrainian mining & metals companies increased exports of iron ore and iron ore concentrates by 11% to 3.9 million tons against July last year.

Conversely, in monetary terms, iron ore exports for this month dropped by 14.9% to $322.2 million against July 2019, according to the customs statistics.

In January–July 2020, Ukraine exported 27.03 million tons of iron ore, 16% up from the first seven months of 2019.

In January–July, Ukraine’s mining companies increased revenue from iron ore exports by 4.5% to $2.2 billion compared to the same period of the previous year.

China remains the main consumer of Ukrainian iron ore. Its share in exports amounted to 63.55% in seven months. Poland ranked second (8.93%), followed by the Czech Republic (6.55%).

It has to be noted that China imported 112.65 million tons iron ore in July. This is a record high figure, 24% up from July 2019.

In the fist seven months, China increased imports of iron ore by 11.8% to 659.6 million tons compared to the same period of the previous year.

As GMK Center reported earlier, in 2019, Ukraine increased iron ore exports by 8.1% to 39.9 million tons against 2018. In monetary terms, iron ore exports grew by 18.5% to $3.398 billion.

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.