Ukraine’s revenues from ore exports jumped 2.1 times in June

Conversely, in physical terms, iron ore exports fell by 8.6% over the month

In June 2021, Ukrainian mining & metals companies cut exports of iron ore and iron ore concentrate by 8.6% y-o-y to 4.3 million tons. In monetary terms, iron ore exports increased by 2.1 times to $352.95 million, according to the customs statistics.

In H1 2021, Ukraine exported 22.4 million tons of iron ore, 3% down from the same period of 2020. In H1, Ukraine’s mining companies increased revenues from iron ore exports by 2.1 times y-o-y to $3.91 billion.

China remains the main consumer of Ukrainian iron ore. Its share in Ukraine’s exports amounted to 45.7% in H1. The Czech Republic ranked second (9.5%), followed by Austria (8.3%).

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.