Iron ore for China, grain, and gravel for road building got Ukrzaliznytsia through the April-May downturn, Yuryk tells NV Business in a separate story. “Export of iron ore to China is the only thing that we held on to during the crisis,” he said, referring to ore shipped to the Black Sea ports. At the bottom, in May, cargo was down 20% yoy. It is now down 5%. The railroad may record $500 million in losses this year.
Iron ore for China, grain, and gravel for road building got Ukrzaliznytsia through the April-May downturn
