Export revenues rose by 53.4%
According to the customs statistics, in November 2021, Ukrainian mining & metals companies increased volumes of pig iron exports by 6.4% to 269.1 thousand tons y-o-y. Revenues from pig iron exports rose by 53.4% to $127.6 million.
In January–November, Ukrainian producers increased revenues from pig iron exports by 80.9% to $1.49 billion y-o-y.
In 11M 2021, they exported 2.91 million tons of pig iron, 3% up from 11M 2020.
The main export market for Ukraine’s pig iron is the U.S. (53.77%). The share of Italy in the total exports of Ukrainian pig iron in 11M was 20.93%. Turkey ranked third (10.53%).
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%).