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In physical terms, however, iron ore exports fell 6.3% in M7

According to the customs statistics, in July 2021, Ukrainian mining & metals companies decreased exports of iron ores and iron ore concentrates by 6.3% to 3.64 million tons y-o-y. In monetary terms, however, iron ore exports rose by 2.4 times to $782.03 million.

In 7M, Ukraine exported 26.1 million tons of iron ore, 3.5% down from the same period of 2020. In 7M, Ukraine’s mining companies increased revenues from iron ore exports by 2.1 times to $4.7 billion y-o-y.

China remains the main consumer of Ukrainian iron ore. Its share in Ukraine’s exports amounted to 45.8% in 7M. The Czech Republic ranked second (9.5%), followed by Austria (8.1%).

As GMK Center reported earlier, in 2020, Ukraine increased iron ore exports by 16% to 46.3 million tons against 2019. In monetary terms, iron ore exports grew by 24.8% to $4.24 billion.

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