Ukrainian Railways transported 3.6 million tons of iron ore for export in March

Transportation of ferrous metals per month amounted to 367 thousand tons

In March 2024, JSC Ukrainian Railways (UZ) increased transportation of iron and manganese ore by 7.5% compared to the previous month – up to 3.58 million tons. Compared to March 2023, the indicator increased 2 times. This was reported by the press service of the railway operator.

In the direction of seaports, 2.245 million tons of raw materials or 62.8% of export transportation of iron ore were transported. Through land crossings – 1.332 million tons (37.2%).

Transportation of ferrous metals for export during March amounted to 367 thousand tons, which is 5.1% less than in the previous month and equal to the indicator of March 2023.

Overall, UZ transported 16.01 million tons of cargo during March 2024, up 10.1% m/m and 31.1% y/y. Monthly transportation have been gradually increasing since last October.

In export traffic, 8.13 mln tons of cargo were transported during the month, which is 4.8% more than m/m and 50.6% more than y/y. In the structure of export transportation, iron ore (44%) takes the first place. The second place is occupied by grain cargoes – 3.24 mln tons (39.9%), and the third place is occupied by ferrous metals (4.5%).

In January-March 2024, export transportation of iron ore products amounted to 9.89 million tons (+2.4 times y/y), grain cargoes – 9.91 million tons (+18.4% y/y), ferrous metals – 1.19 million tons (+13% y/y). In total, UZ transported 44.69 mln tons of cargo during the quarter, which is 28.7% more than y/y. 23.39 mln tons of cargo was shipped for export (+50.6% y/y).

As GMK Center reported earlier, in 2023, UZ transported 148.4 million tons of cargo, which is 1.5% or 2.2 million tons less than in 2022. Transportation of iron ore decreased by 13.2% y/y, to 27.5 million tons, ferrous metals – by 10.6% y/y, to 8.2 million tons, grain – increased by 5.9% y/y, to 30.6 million tons.