Ukraine’s iron ore exports grew by a third in October

Exports of iron ore grew by 15.7% in 10M

In October 2020, Ukrainian mining & metals companies increased exports of iron ore and iron ore concentrates by 31.5% to 3.8 million tons against October last year.

In monetary terms, iron ore exports in this month doubled and amounted to $410.9 million against October 2019, according to the customs statistics.

In January–October 2020, Ukraine exported 38.5 million tons of iron ore, 15.7% up from 10M 2019.

In January–October, Ukraine’s mining companies increased revenue from iron ore exports by 11.5% to $3.3 billion compared to the same period of the previous year.

China remains the main consumer of Ukrainian iron ore. Its share in Ukraine’s exports amounted to 60.8% in 10M. Poland ranked second (8.7%), followed by the Czech Republic (6.7%).

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.