Ukraine’s pig iron exports fell by 28% in October

Export revenues rose by 15.5%

According to the customs statistics, in October 2021, Ukrainian mining & metals companies decreased exports of pig iron by 27.6% to 202.5 thousand tons against October 2020. Revenues from exports of pig iron rose by 15.5% to $100.9 million.

In January–October, Ukrainian steel producers increased revenues from pig iron exports by 83.9% to $1.37 billion y-o-y.

In 10M 2021, Ukrainian steelmakers exported 2.64 million tons of pig iron, 2.7% up from 10M 2020.

The main export market for Ukraine’s pig iron is the U.S. (55%). The share of Italy in the total exports of Ukrainian pig iron in January–October was 21%. Turkey ranked third (9.8%).

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%).