In January-October this year, Ukrainian mining companies increased their exports of iron ore by 96% in physical terms compared to the same period last year, up to 27 million 790.352 thousand tons.
According to the statistics released by the State Customs Service (SCS), foreign exchange earnings from iron ore exports increased by 59.4% to $2 billion 341.865 million in the period under review.
Exports of iron ore were carried out mainly to China (34.88% of supplies in monetary terms), Poland (17.47%) and Slovakia (16.85%).
In January-October 2024, Ukraine imported iron ore worth $261 thousand in the total volume of 835 tons, while in January-October 2023, it imported $118 thousand in the total volume of 168 tons. Imports this year were carried out from the Netherlands (36.26%), Poland (24.43%) and Norway (21.37%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
Ukrainian mining companies have increased exports of iron ore in physical terms by 2.1 times year-on-year to 23 million 318.681 thousand tons this year.
According to the statistics released by the State Customs Service on Friday, foreign exchange earnings from iron ore exports increased by 72.1% to $2 billion 32.671 million in the period under review.
Iron ore was exported mainly to China (36.39% of supplies in monetary terms), Slovakia (17.04%) and Poland (16.94%).
In January-August 2024, Ukraine imported iron ore worth $223 thousand in the total volume of 794 tons, while in January-August 2023 it imported iron ore worth $81 thousand in the total volume of 118 tons. Imports this year were carried out from the Netherlands (31.70%), Poland (28.57%) and Norway (18.75%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
“Metinvest, Ukraine’s largest mining and metals holding, increased its total production of iron ore concentrate (IOC) by 87% year-on-year to 8.892 million tonnes in January-June this year, and pellets by 25% to 3.193 million tonnes, but reduced its total output of coking coal concentrate by 31% to 2.085 million tonnes.
According to the operating report of the parent company Metinvest B.V. on Monday, the production of commercial iron ore products more than doubled to 8.021 million tons, and the production of commercial iron ore concentrate increased 3.4 times to 5.023 million tons, which was facilitated by the unblocking of Ukrainian Black Sea ports from August 2023 and an increase in the order book for coking coal pellets.
It is noted that due to limited electricity production in Ukraine due to Russian shelling since mid-March 2024 and high demand for imported electricity, its cost affects the workload and configuration of the group’s mining and processing plants.
At the same time, Metinvest distributes the workload of its mining and processing plants based on the availability of electricity, its cost, market prices for iron ore products and other factors to ensure efficient production.
As a result, in Q2 2024, total iron ore production decreased by 17% quarter-on-quarter to 4.033 million tonnes, while the output of commercial iron ore products decreased by 13% to 3.814 million tonnes, including the production of commercial iron ore pellets, which decreased by 22% to 2.205 million tonnes. At the same time, the production of commercial pellets remained almost at the level of the previous quarter at 1.609 million tons.
According to the report, the group’s coal concentrate production in 2Q2024 decreased by 8% quarter-on-quarter to 999 thousand tons.
It is noted that the main factor behind this was a 12% decline in production at Pokrovske Coal Group (Ukraine) to 562 thousand tons, among other things due to the planned redistribution of mining operations in view of the capacity of production sites.
United Coal Company’s (USA) production of coal concentrate remained almost at the level of the previous quarter – 437 thousand tons. It is noted that in 1H2024, the group’s coal concentrate production decreased by 31% mainly due to a 39% decrease in production at United Coal Company due to the suspension of production at Carter Roag mines and a decrease in production at some Wellmore mines. In addition, Pokrovske Coal Group’s coal concentrate production decreased by 25% mainly due to optimization of mining operations due to changes in mining and geological conditions.
“Metinvest comprises steel and mining companies located in Ukraine, Europe and the United States. Its major shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
In January-July this year, Ukrainian mining companies increased exports of iron ore in physical terms by 2.15 times compared to the same period last year, to 20 million 803,661 thousand tons.
According to the statistics released by the State Customs Service on Friday, foreign exchange earnings from iron ore exports increased by 76.7% to $1 billion 831.314 million during this period.
Iron ore was exported mainly to China (36.88% of supplies in monetary terms), Slovakia (16.76%) and Poland (16.33%).
In January-July 2024, Ukraine imported iron ore for $208 thousand in the total volume of 771 tons, while in January-July 2023 it imported iron ore for $81 thousand in the total volume of 118 tons. Imports this year were carried out from the Netherlands (33.97%), Poland (30.62%) and Italy (17.22%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
In January-June of this year, Ukrainian mining companies increased exports of iron ore in physical terms by 2.2 times compared to the same period last year, to 18 million 315.164 thousand tons.
According to the statistics released by the State Customs Service on Tuesday, foreign exchange earnings from iron ore exports increased by 78.8% to $1 billion 602.255 million over the period.
Iron ore was exported mainly to China (38.66% of supplies in monetary terms), Slovakia (16.46%) and Poland (15.83%).
In January-June 2024, Ukraine imported iron ore worth $151 thousand in the total amount of 330 tons, while in January-June 2023 it imported iron ore worth $42 thousand in the total amount of 68 tons. Imports this year were carried out from the Netherlands (47.02%), Italy (19.87%) and Norway (18.54%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
In January-May this year, Ukrainian mining companies increased exports of iron ore in physical terms by 2.27 times compared to the same period last year, to 15 million 542.428 thousand tons.
According to the statistics released by the State Customs Service on Thursday, foreign exchange earnings from iron ore exports increased by 81.7% to $1 billion 367.161 million during the period under review.
Exports of iron ore were carried out mainly to China (40.53% of supplies in monetary terms), Slovakia (15.65%) and Poland (14.91%).
In January-May 2024, Ukraine imported iron ore worth $121 thousand in the total volume of 303 tons, while in January-May 2023 it imported iron ore worth $42 thousand in the total volume of 68 tons. This year’s imports were carried out from the Netherlands (39.67%), Norway (23.14%) and Italy (20.66%).
As reported, in 2023, Ukraine decreased exports of iron ore in physical terms by 26% compared to 2022 – to 17 million 753.165 thousand tons, foreign exchange earnings from iron ore exports amounted to $1 billion 766.906 million (down 39.3%). Iron ore was exported mainly to Slovakia (28.39% of supplies in monetary terms), the Czech Republic (19.74%) and Poland (19.56%).
Last year, Ukraine imported iron ore worth $135 thousand in the total amount of 250 tons. During this period, imports were made from Norway (34.81%), Italy (28.89%) and the Netherlands (28.89%). While in 2022, iron ore was imported for $65 thousand in a total volume of 101 tons.
In 2022, Ukraine decreased exports of iron ore in physical terms by 45.9% compared to 2021 – to 23 million 984.623 thousand tons, while foreign exchange earnings decreased by 57.8% to $2 billion 912.974 million. Iron ore was exported mainly to Slovakia (19.23% of supplies in monetary terms), the Czech Republic (17.32%) and Poland (16.49%).
In 2022, Ukraine imported iron ore worth $65 thousand in a total volume of 101 tons, while in 2021 – $184 thousand in a volume of 1,202 thousand tons. Imports were carried out from Norway (36.92%), the Netherlands (27.69%) and the UK (16.92%).
