In January-May of this year, Ukraine increased exports of processed pig iron in physical terms by 45.2% compared to the same period last year, to 736,418 thousand tons from 507,106 thousand tons.
According to statistics released by the State Customs Service (GMS) on Friday, pig iron exports in monetary terms increased by 53.2% over the period outlined, to $290.546 million.
At the same time, exports were mainly to the USA (79.11% of shipments in monetary terms), Italy (10.23%) and Turkey (5.90%).
In the first 5 months of the year, the country imported 29 thousand tons worth $55 thousand from Brazil (68.52%) and Germany (31.48%), while in January-May 2024, 15 tons of pig iron worth $35 thousand were imported.
As reported, on March 12 of this year, the United States, in accordance with the decision of President Donald Trump, began to levy a 25% duty on imports of Ukrainian steel products, except cast iron.
In 2024, Ukraine reduced exports of processed pig iron in physical terms by 3.4% compared to 2023 to 1 million 290,622 thousand tons, in monetary terms by 6.1% to $500,341 million. Exports were mainly to the USA (72.64% of shipments in monetary terms), Turkey (8.03%) and Italy (7.30%).
For the whole of 2024, the country imported 38 tons of cast iron worth $90 thousand from Germany, while for the same period in 2023 it imported 154 tons of cast iron worth $156 thousand.
