Ukraine’s revenues from pig iron exports jumped 2.3 times in July

In physical terms, exports rose by 3.4%

According to the customs statistics, in July 2021, Ukrainian mining & metals companies increased exports of pig iron by 3.4% to 343.3 thousand tons against July 2020. In monetary terms, exports of pig iron grew by 2.3 times to $202.6 million.

In January–July, Ukrainian steel producers increased revenues from pig iron exports by 80.8% to $925.2 million y-o-y.

In 7M, Ukrainian steelmakers exported 1.82 million tons of pig iron, 1.1% up from January–July 2020.

The main export market for Ukraine’s pig iron is the U.S. (59.6%). The share of Italy in the total exports of Ukrainian pig iron in January–July was 16.7%. Turkey ranked third (11.7%).

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%).