iron ore

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The EU imported 13.97 million tons of iron ore from Ukraine in 2024

The key importers of raw materials are Poland and Slovakia

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Ukraine reduced iron ore exports by 9.2% m/m in January

Exports amounted to 3.13 million tonnes

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Turkey imported 1.1 million tons of iron ore from Ukraine in 2024

Total imports of iron ore to the country for 12 months amounted to 10.01 million tons

Sukha Balka produced 1 million tons of ore in 2024

Commercial production amounted to 917 thousand tons

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Turkey imported 1.1 million tons of iron ore from Ukraine in January-November

Total imports of iron ore to the country for 11 months amounted to 9.08 million tons

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China increased iron ore imports to a record 1.24 billion tons in 2024

Imports increased by 4.9% compared to 2023

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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Global sea iron ore imports grew by 3.6% y/y in 2024

Currently, uncertainty in the market is caused by the expectation of the Trump administration

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%

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Iron ore prices fell by 4-4.5% in December

At the beginning of December, quotes were held at a high level, but lost market support

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Nippon Steel and Sojitz to acquire 49% in Champion Iron project

Japanese companies will also share the costs of development and construction

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