Ukraine is rapidly losing its export positions amid the ongoing crisis in the mining sector. After Ukraine’s remarkable recovery in iron ore exports in early 2024, boosted by the opening of the sea corridor, Ukraine’s MMC sector reached nearly 50% of its pre-war levels. However, t... #IronOre #IronOreExport #MiningUkraine #UkraineExport
Ukraine is successfully replacing the Russian Federation in the European metal products market. According to Eurostat data, Ukrainian mining companies shipped 5.11 million tons of iron ore to the EU market in January-April, which is 3.7% more than in the same period last year. The costs for Euro... #IronOreExport #MetallurgyRussia #MetalProductsImport #UkrainianMetalExport #Ukrainianmetallurgy
Ukrainian metallurgists call for an end to the import of Russian iron and replacing it with Ukrainian and EU goods. The National Association of Extractive Industries of Ukraine (NADPU) called on the EU to take active measures to stop importing MMC products from the Russian Federation. It should be noted that the EU... #EUmarket #IronOreExport #MetallurgyRussia #SanctionsAgainstRussia #Ukrainianmetallurgy
Ukraine increased its export of metal and iron ore raw materials. Head of the Committee on Finance Danylo Hetmantsev pointed out that, in the results from the first quarter of 2024, mining and metallurgical complex products account for almost 20% of all commodity ex... #agroexportukraine #DanyloHetmantsev #grainexport #IronOreExport #UkraineExport #UkrainianMetalExport
Ukraine returns as a leading iron ore exporter to Turkey, increasing total sales by 150%. In January-February 2024, Ukraine exported 231,800 tons of iron ore to Turkey, compared to 30,000 tons in the same period of 2023. Ukraine was in third place among countries exporting this product to ... #IronOreExport #IronOreMining #IronOreUkraine #MiningUkraine #TurkeyUkraine
Ukrainian metallurgists plan to increase production by 15% this year. Oleksandr Kalenkov, President of the Ukrmetalurgprom association, said: “We hope that the volume of steel smelting in 2024 will not be lower than last year, and taking into account the plans of ... #IronOreExport #OleksandrKalenkov #SteelProductionUkraine #UkrainianMetalExport #Ukrainianmetallurgy
During the year, Ukraine’s mining and metallurgical exports declined by 72%. Ukraine’s total exports decreased by 38% last year. Correspondingly, the drop in commodity exports of iron and metal products last year amounted to 46% and 72%, respectively. According to the GMK Cent... #IronOreExport #UkraineMetallurgicalProduction #UkrainianExport
Earnings from iron ore export fell by 45%. In six months, Ukraine’s foreign earnings from the export of iron ore raw materials fell by 44.8% to $2.16B, according to data from the State Customs Service. In January-June of this year, Ukrai... #IronExport #IronOreExport
The EU expects Ukraine to export more grain, but receive iron ore. While the ports are blocked, the Ukrainian agricultural sector is trying to develop new export logistics by rail, road, and river across the border with EU countries. The average daily volume of rail... #grainexport #IronOre #IronOreExport #UkraineExport
Ukraine’s iron ore exports are down 3.5% this year by volume, but revenues are double – to $4.7 billion, reports the State Customs Service. Of the 26 million tons exported through July, China took 46%, the Czech Republic took 9.5%, and Austria took 8%. #IronOre #IronOreExport #IronOrefromUkraine #UkraineexportsIronOre
Boosted by booming world iron ore prices, Ukraine’s foreign trade was up 20% to $39.5 billion from January to April, compared to the same period last year, reported the State Customs Service. With bills for imported oil and gas rising 18%, to $3.5 billion, imports rose 21%, to $20.4 billion. The trade deficit for th... #IronOreExport #IronOrePrices #IronOreUkraine
Although iron ore exports were down 8%, to 14.2 million tons, earnings from Ukraine’s iron ore sales almost doubled, reaching $2.3 billion . With mines in Brazil and South Africa closed due to Covid-19 infections among staff, the world price of a ton of iron ore has jumped from $40 to $200, wrote Oleksandr Kalenkov, President of Ukrmetal... #IronOre #IronOreExport #IronOrePrices
