Business news from Ukraine

UKRAINE REDUCES IRON ORE EXPORT IN H1

Ukraine reduced iron ore exports 24.2% year-on-year in H1 2022 to 17.011 million tonnes, the State Customs Service said.
The imports fell 44.8% in value to $2.159 billion.
Most of the exports were to Slovakia – 18.68% in value, followed by China – 17.55% and Poland – 14.65%.
Ukraine imported 13 tonnes of iron ore commodities for $24,000 in H1 2022, compared with 1,133 tonnes for $129,000 in H1 2021. Most of the imports in H1 2022 came from the UK – 84.62%, followed by Russia and Italy at 7.69% each.
Iron ore exports fell 4.2% in 2021 to 44.358 million tonnes but rose 62.8% in value to $6.9 billion. Most of the exports went to China – 41.90% in value, the Czech Republic- 9.65% and Poland – 7.99%.
Ukraine imported 1,202 tonnes of iron ore in 2021 for $184,000 and 123,000 tonnes in 2020 for $75,000. Last year’s imports came from Egypt – 55.98%, the Netherlands – 21.2% and Poland – 7.07%.

,

UKRAINES IRON ORE EXPORTS GOES DOWN BY 4.2%, REVENUE GOES UPBY 63% IN 2021

Ukrainian mining enterprises reduced the export of iron ore raw materials in quantity terms by 4.2% in 2021 compared to 2020, to 44.358 million tonnes.
According to updated statistics released by the State Customs Service on Friday, over the specified period, foreign exchange earnings from the export of iron ore increased by 62.8%, to $6.900 billion.
Iron ore was exported mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, iron ore raw materials were imported to Ukraine for $184,000 in a total volume of 1,202 tonnes, while in 2020 some 123 tonnes of iron ore were imported for $75,000.
Imports for 2021 were from Egypt (55.98%), the Netherlands (21.2%) and Poland (7.07%).

,

ZAPORIZHIA IRON ORE PLANT RAISES UP IRON ORE PRODUCTION BY 1.2% IN 2021

Zaporizhia Iron Ore Plant (Dniprorudne, Zaporizhia region) in 2021 increased iron ore production by 1.2% compared to 2020, to 4.620 million tonnes.
As the company told Interfax-Ukraine, during this period, 4.523 million tonnes of products were shipped to consumers.
At the same time, 263,900 tonnes of ore were mined in December, and 320,900 tonnes of products were shipped to consumers.
Zaporizhia Iron Ore Plant sells its products to metallurgical enterprises in Slovakia, the Czech Republic, Austria and Poland, as well as to Zaporizhstal metallurgical plant in Ukraine.
The main shareholders of the plant are Slovak company Minerfin, a.s. with 51.1697%, Zaporizhstal with 29.5193%, and Czech KSK Consulting, a.s. with 19.0632%.

, ,

PIVDENNY MINING RAISES UP CONCENTRATE OUTPUT

Pivdenny Mining and Processing Plant (Dnipropetrovsk region) in 2021 increased output of iron ore concentrate by 6.1% compared to the previous year, to 13.582 million tonnes.
According to the company’s official information, in December 2021 the plant produced 1.318 million tonnes of iron ore concentrate, which is 23.9% more than in the same period of 2020.
Earlier, CEO of Pivdenny Mining Kostiantyn Fedin said in his New Year’s greetings that the plant had reached such a production indicator for the first time in the last 30 years.
Pivdenny Mining and Processing Plant is one of the main producers of iron ore raw materials in Ukraine – concentrate. It is engaged in mining and processing of ferruginous quartzites to obtain iron ore concentrate.

,

UKRAINE RAISES UP REVENUE FROM IRON ORE EXPORTS

Mining enterprises of Ukraine in 2021, according to operational data, increased the export of iron ore in monetary terms by 62.91% compared to the previous year, to $6.91 billion.
According to preliminary summarized statistics released by the State Customs Service on Tuesday, iron ore exports in December amounted to $276.18 million, while in November it was $312.75 million, October it was $371.09 million, September $472.96 million, August $777.958 million, and July $782.04 million.
As reported, in 2020 Ukraine increased iron ore exports by 16% compared to the previous year, to 46.293 million tonnes, while foreign exchange earnings from iron ore exports grew by 24.7%, to $4.239 billion.
In 2020, iron ore was imported to Ukraine for $75,000 in a total volume of 123 tonnes, while in 2019 it was 14,245 tonnes for $1.412 million.

,

UKRAINE BOOSTS EARNINGS OF IRON ORE EXPORT BY 80%

Ukrainian mining enterprises in January-November this year reduced export of iron ore raw materials (iron ore) in quantity terms by 2.8% compared to the same period last year, to 40.667 million tonnes.
According to the updated statistics released by the State Customs Service, during the specified period, foreign exchange earnings from iron ore exports increased by 78.7%, to $6.63 billion.
Iron ore was exported mainly to China (42.6% of supplies in monetary terms), the Czech Republic (9.61%) and Poland (7.82%).
In January-November 2021, iron ore was imported to Ukraine for $183,000 in a total volume of 1,202 tonnes, while in January-November 2020, some 104 tonnes of iron ore were imported for $58,000.
In January-November 2021, iron ore was imported mainly from Egypt (56.28%), the Netherlands (21.31%) and Poland (7.1%).

, ,