Ukraine’s pig iron exports grew 2.2-fold in March

In 3M 2021, steelmakers ramped up shipments of pig iron by 8.9%

In March 2021, Ukrainian mining & metals companies increased pig iron exports 2.2-fold to 330.2 thousand tons against February last year. Revenues from pig iron exports showed a 3.8-fold growth to $167.4 million, according to the customs statistics.

In January–March 2021, Ukrainian steel producers increased pig iron export revenues by 63.3% to $321.5 million compared to the same period of 2020.

In the same period, steelmaking companies exported 713.7 thousand tons of pig iron, 8.9% up from January–March 2020.

The main export market for Ukraine’s pig iron is the U.S. (70.3%). The share of Turkey in the total exports of Ukrainian pig iron in January–March was 13.1%. Italy ranked third (5.4%).

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%).