Ukraine’s pig iron exports fell by 21% in April

In April 2021, Ukrainian mining & metals companies decreased exports of pig iron by 21.1% to 240.6 thousand tons against April last year. In monetary terms, however, pig iron exports grew by 37% to $89.2 million, according to the customs statistics.

In 4M 2021, Ukrainian steel producers increased pig iron export revenues by 55.1% to $443.7 million compared to the same period of 2020.

In the same period, steelmaking companies exported 954.3 thousand tons of pig iron, 0.6% down from 4M 2020.

The main export market for Ukraine’s pig iron is the U.S. (61.8%). The share of Turkey in the total exports of Ukrainian pig iron in January–April was 14.2%. Italy ranked third (8.8%).

As GMK Center reported earlier, in 2020, volumes of Ukraine’s pig iron exports grew by 20.3% to 3.1 million tons against 2019. Revenues from pig iron exports rose by 15% to $922.2 million.

In 2020, Ukraine sold more than a half of its pig iron to the U.S. (58.5%). China ranked second in terms of volumes of imports from Ukraine (21.8%), followed by Turkey (5.9%).