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Pig iron shipments decreased by 57.1% compared to January-June 2021

Ukrainian steel companies in January-June 2022 reduced the export of pig iron by 57.1% compared to the same period in 2021, to 634 thousand tons, according to State Customs Service.

In monetary terms, deliveries of pig iron abroad over the six months fell by 53.6% compared to January-June last year, to $335.6 million.

The biggest consumer of Ukrainian pig iron was the USA (34.4%). The share of Poland in the total volume of exports of Ukrainian pig iron in January-June amounted to 32.1%. Turkey is in third place – 13.03%. At the same time, before the war, the United States consumed more than half of the pig iron from Ukraine.

After the invasion of Russia into the territory of Ukraine, domestic steel plants reduced production to a minimum or completely froze production. The main problem for mining & metals companies now is the difficulty with the logistics of finished products and raw materials due to seaport blockades.

Earlier GMK Center reported, that at the end of 2021 iron exports from Ukraine increased by 4% compared to 2020, to 3.24 million tons. In monetary terms, iron supplies abroad increased by 78.1%, to $1.64 billion.

In 2021, Ukraine sold more than half of its pig iron to the United States (53.6%). In the second place in terms of supplies цфs Italy (22.1%), in third place – Turkey (9.7%).