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
Driven by Chinese demand, world iron ore prices have reached 15 year highs, and Ukraine responded by increasing its iron ore production by 8% to 10.8 million tons, during the first half of this year, compared to the same January-June period last year, reports Ukrmetalurgprom, the metals industry association. Similarly, Ukraine’s steel production rose by 7.5%, to... #IronOrefromUkraine #IronOrePrices2021 #UkraineminingIronOre
With world iron ore prices double the level of one year ago, President Zelenskiy defended a draft law passed last week to increase taxes on iron ore. “The price is very high today,” he said at his press conference. “You can slightly increase budget revenues. I think it’s fair.” Moving from a tax of 11-12% of iron ore as it come out of the gro... #IronOreexportworldwide #IronOrefromUkraine #IronOrepricesdoubled #IronOreTaxes
