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Export revenues rose by 78.1%

In 2021, Ukrainian steelmakers increased pig iron exports by 4.2% to 3.24 million tons compared to 2020. Revenues from pig iron exports grew by 78.1% to $1.64 billion, according to the customs statistics.

In December, Ukrainian producers increased pig iron export revenues by 54.4% to $148.4 million y-o-y. In the same month, they exported 322.93 thousand tons of pig iron, 16.6% up from December 2020.

The main export market for Ukraine’s pig iron is the U.S. (53.6%). The share of Italy in the total exports of Ukrainian pig iron in 2021 was 22.1%. Turkey ranked third (9.7%).

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%).