Riding the near doubling of iron ore prices this year, Ukraine increased iron export earnings by 24.5%, to $1.7 billion.

Thursday, July 11, 2019
Riding the near doubling of iron ore prices this year, Ukraine increased iron export earnings by 24.5%, to $1.7 billion.

Riding the near doubling of iron ore prices this year, Ukraine increased iron export earnings by 24.5%, to $1.7 billion. Over the same January-June period, exports by volume rose 9%, to almost 20 million tons. In May, iron ore exports jumped 29% over April levels. Top markets were: China – 25%; Poland – 14%; and the Czech Republic – 11%. Due to a mining disaster in Brazil in January, Chinese iron prices for September delivery recently topped $130 a ton, a six-year high.

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