Ukraine’s iron ore exports grew by 26% in September

Exports of iron ore grew by 14.2% in nine months

In September 2020, Ukrainian mining & metals companies increased exports of iron ore and iron ore concentrates by 25.9% to 4 million tons against September last year.

In monetary terms, iron ore exports in this month grew by 41% to $387.3 million against September 2019, according to the customs statistics.

In January–September 2020, Ukraine exported 34.7 million tons of iron ore, 14.2% up from the first nine months of 2019.

In January–September, Ukraine’s mining companies increased revenue from iron ore exports by 4.9% to $2.9 billion compared to the same period of the previous year.

In Q3, Ukrainian mining & metals companies exported 11.5 million tons of iron ore, 9.6% up from July–September 2019. Revenue from exports grew by 59.8% to $1.05 billion.

China remains the main consumer of Ukrainian iron ore. Its share in exports amounted to 61.6% in the nine months. Poland ranked second (9.1%), followed by the Czech Republic (6.5%).

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.