Business news from Ukraine

Business news from Ukraine

Pig iron exports from Ukraine fell by 28.6% over ten months

14 November , 2026  

In January–October of this year, Ukraine’s exports of processed pig iron fell by 28.6% in volume terms compared to the same period last year—to 1,137,124 metric tons from 1,591,993 metric tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, 29,987 metric tons of pig iron were exported in October, 74,103 metric tons in September, 34 metric tons in August, in July—51,539 thousand metric tons of pig iron, in June—183,780 thousand metric tons, in May—159,378 thousand metric tons, in April—181,670 thousand metric tons, in March—168,493 thousand metric tons, in February—194,345 thousand metric tons, and in January—93,795 thousand metric tons.

From January through October 2026, pig iron exports in monetary terms fell by 26.7% to $453.441 million. Exports were primarily destined for the United States (83.97% of shipments in monetary terms), Turkey (7.86%), and Poland (4.50%).
Over the first ten months of this year, the country imported 16 metric tons of pig iron from Germany worth $37,000, compared to 39 metric tons worth $78,000 during the same period last year.

As previously reported, in 2025, Ukraine increased its pig iron exports by 53.5% in volume terms compared to 2024—to 1,980,620 thousand metric tons—and revenue by 51.9%, to $759,882 million. Exports were primarily shipped to the United States (68.25% of shipments by value), Italy (20.26%), and Turkey (3.63%).
Last year, the country imported 39 thousand metric tons of pig iron worth $78 thousand from Germany (51.95%) and Brazil (48.05%), while in January–December 2024, 38 metric tons worth $90 thousand were imported.

Starting March 12, 2025, pursuant to a decision by President Donald Trump, a 25% tariff began to be imposed on imports of Ukrainian steel products, excluding pig iron.

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