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pig iron - Latest news GMK Center

Photo – Global pig iron prices rose by $5–20 per ton in the first half of March
Global pig iron prices rose by $5–20 per ton in the first half of March

The shortage of pig iron in Brazil is expected to continue through May

Photo – Ukraine increased its exports of pig iron by 88.4% y/y in January-February
Ukraine increased its exports of pig iron by 88.4% y/y in January-February

The EU and the US accounted for the bulk of Ukrainian product consumption

Photo – Pig iron prices rose by $20-40 per ton in February in certain markets
Pig iron prices rose by $20-40 per ton in February in certain markets

The rise in pig iron prices in Europe is being driven by the full launch of the CBAM in 2026

Photo – Global pig iron production fell by 6% y/y in January
Global pig iron production fell by 6% y/y in January

China reduced the indicator by 10.9% y/y

Photo – Ukraine reduced pig iron exports by 27% y/y in January
Ukraine reduced pig iron exports by 27% y/y in January

The EU and the US accounted for the bulk of Ukrainian product consumption

Photo – Prices for pig iron rose by $20–30 per ton in January in some markets
Prices for pig iron rose by $20–30 per ton in January in some markets

The full launch of CBAM in 2026 will contribute to the growth of quotations in Europe

Photo – Global pig iron production in 2025 fell to 1.37 billion tons
Global pig iron production in 2025 fell to 1.37 billion tons

In December, pig iron production amounted to 107.7 million tons

Photo – Ukraine exported 2 million tons of pig iron in 2025
Ukraine exported 2 million tons of pig iron in 2025

The EU and the US accounted for the bulk of Ukrainian product consumption

Photo – Rolled steel production in Ukraine grew by 4.8% y/y in 2025
Rolled steel production in Ukraine grew by 4.8% y/y in 2025

Pig iron production increased by 11.2% year-on-year over the past year, while steel production decreased by 2.2% year-on-year

Photo – Global pig iron production fell to 107.6 million tonnes in November
Global pig iron production fell to 107.6 million tonnes in November

In 11 months, pig iron production amounted to 1.26 billion tonnes

Photo – Turkey more than doubled its imports of pig iron from Russia in January-October
Turkey more than doubled its imports of pig iron from Russia in January-October

Russian pig iron accounts for over 77% of Turkey's import market

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