In January-August of this year, Ukraine increased its exports of processed cast iron in physical terms by 64.9% compared to the same period last year, to 1 million 235,648 thousand tons.
According to statistics released by the State Customs Service (SCS), during the specified period, pig iron exports in monetary terms increased by 70.3% to $487.923 million.
At the same time, exports were mainly to the United States (81.66% of shipments in monetary terms), Italy (9.24%), and Turkey (3.51%).
In the first eight months of this year, the country imported 38,000 tons worth $76,000 from Germany (51.32%) and Brazil (48.68%), while in January-August 2024, 15 tons of pig iron worth $37,000 were imported.
As reported, on March 12 of this year, in accordance with President Donald Trump’s decision, the US began imposing a 25% tariff on imports of Ukrainian steel products, except for cast iron.
In 2024, Ukraine reduced its exports of processed cast iron in physical terms by 3.4% compared to 2023, to 1 million 290.622 thousand tons, and in monetary terms by 6.1%, to $500.341 million. Exports were mainly to the United States (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 pig iron worth $90 thousand from Germany, while for the same period in 2023, it imported 154 tons of pig iron worth $156 thousand.
