In January-July of this year, Ukraine increased its exports of processed pig iron in physical terms by 55% compared to the same period last year, to 1 million 38.757 thousand tons from 669.982 thousand tons.
According to statistics released by the State Customs Service (SCS) on Tuesday, during the period in question, exports of pig iron in monetary terms increased by 62% to $411.316 million.
Exports were mainly to the US (80.18% of shipments in monetary terms), Italy (10.16%), and Turkey (4.17%).
In the first seven months of the year, the country imported 29,000 tons worth $55,000 from Brazil (68.52%) and Germany (31.48%), while in January-July 2024, 15 tons of pig iron worth $35,000 were imported.
As reported, on March 12 of this year, in accordance with a decision by President Donald Trump, the US began imposing a 25% tariff on imports of Ukrainian steel products, except for pig iron.
In 2024, Ukraine reduced exports of processed pig 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 US (72.64% of shipments in monetary terms), Turkey (8.03%), and Italy (7.30%).
In 2024, the country imported 38 tons of pig iron worth $90 thousand from Germany, while in the same period of 2023, it imported 154 tons of pig iron worth $156 thousand.
