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Ukrainian seaports handled 18.5 million tons of iron ore in 2024

Total cargo turnover last year reached a record high of 97.2 million tons

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Ukraine exported 1.63 million tons of flat products in 2024

Over 80% of shipments are hot-rolled flat products

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Ukrainian sea corridor handled over 93 million tons of cargo

Since the fall of 2023, 3.5 thousand vessels have delivered cargo to Africa, Asia, Europe and the United States

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Pig iron exports from Ukraine reached 1.29 million tons in 2024

Shipments increased by 3.4% y/y, mainly thanks to the resumption of exports to the USA

Ukraine exported 33.7 million tons of iron ore in 2024

Shipments increased by 89.8% y/y, mainly due to the opening of the sea export corridor

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Ukraine’s trade turnover in 2024 amounted to $112.3 billion

During the period, Ukraine imported goods worth $70.7 billion, and exported $41.6 billion

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Italy imported 6.1 million tons of steel from third countries in January-October

Flat products accounted for the bulk of imports – 5.58 million tons

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Germany imported 630.9 thousand tons of steel from third countries in January-October

The main part of the import fell on long steel – 497.54 thousand. t

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Poland increased imports of rolled products from third countries by 26.3% y/y in January-October

The main part of the import fell on flat rolled products – 1.42 million tons

Prospects for iron and steel sector of Ukraine in 2025

Crude steel output in 2024 exceeded expectations, but the next year output could fall by 9%, exports by 16%

Iron ore and scrap prices in 2025: in search of parity

Amid weakness of the economies of Turkey and the EU, the state of the market will increasingly depend on the actions of China

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