Pig iron exports from Ukraine increased by 37% in 4 months
In January-April of this year, Ukraine increased exports of processed pig iron in physical terms by 37.4% compared to the same period last year, to 574.057 thousand tons from 417.941 thousand tons.
According to statistics released by the State Customs Service (GMS) on Tuesday, pig iron exports in monetary terms increased by 46% over the period outlined, to $226.282 million.
At the same time, exports were mainly to the USA (83.05% of shipments in monetary terms), Italy (11.34%) and Poland (2.7%).
In the first four months of the year, the country imported 29,000 tons worth $55,000 from Brazil (68.52%) and Germany (31.48%), while in January-April 2024, 15 tons of pig iron worth $35,000 were imported.
As reported, since March 12 of this year, the United States, according to the decision of President Donald Trump, began to levy 25% duties 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.