Business news from Ukraine

Business news from Ukraine

Ukraine’s pig iron exports rose 11.1% in first half of year

In January–June of this year, Ukraine increased its exports of processed pig iron by 11.1% in volume terms compared to the same period last year—to 981,461 thousand metric tons from 883,174 thousand metric tons.

According to statistics released by the State Customs Service (SCS), 183,780 thousand metric tons of pig iron were exported in June, 159,378 thousand metric tons in May, 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 June 2026, pig iron exports in monetary terms increased by 11.3% to $388,890 million. Exports were primarily directed to the United States (86.25% of shipments in monetary terms), Turkey (9.16%), and Italy (2.33%).

In the first six months of this year, the country imported 15 metric tons of pig iron from Germany worth $35,000, compared to 29 metric tons worth $55,000 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 metric tons—and by 51.9% in revenue, 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, the United States, pursuant to a decision by President Donald Trump, began imposing a 25% tariff on imports of Ukrainian steel products, excluding pig iron.

The Experts Club Information and Analytical Center recently released a video analysis of the top 20 steel-producing countries – https://youtube.com/shorts/j7Yev2HCS4o?si=lfmGJ5jrx8036z1U

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Ukraine Reduced Pig Iron Production by 0.2% in Jan–Jun

Ukrainian steelmakers reduced pig iron production by 0.2% in January–June of this year compared to the same period last year, down to 3.661 million metric tons.

According to information released by the “Ukrmetallurgprom” association on Wednesday, 670.6 thousand metric tons of pig iron were produced in June, 634.4 thousand metric tons in May, 554 thousand metric tons in April, 690.2 thousand metric tons in March, in February—561.9 thousand metric tons, and in January—549.9 thousand metric tons.

As previously reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025—to 7.884 million metric tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023—to 7.090 million metric tons. In 2023, pig iron production fell by 6.1% to 6.003 million metric tons, and in 2022, it fell by 69.8% to 6.391 million metric tons.

In 2021, before the war, 21.165 million metric tons of pig iron were produced, or 103.6% of the 2020 level.

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Ukraine reduced pig iron production by 0.6% in January–May

Ukrainian steelmakers reduced pig iron production by 0.6% in January–May of this year compared to the same period last year, down to 2.990 million tons.

According to data from the Ukrmetallurgprom association, 634,400 tons of pig iron were produced in May, 554,000 tons in April, 690,200 tons in March, in February—561,900 tons, and in January—549,900 tons.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025—to 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023—to 7.090 million tons. In 2023, pig iron production decreased by 6.1% to 6.003 million tons, and in 2022, by 69.8% to 6.391 million tons.

In 2021, before the war, 21.165 million tons of pig iron were produced, or 103.6% of the 2020 level.

The Experts Club Information and Analytical Center recently presented a video analysis of the top 20 steel-producing countries – https://youtube.com/shorts/j7Yev2HCS4o?si=lfmGJ5jrx8036z1U

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Ukraine increased pig iron production to 7.9 mln tons in 2025 – Worldsteel

According to data from Worldsteel’s annual compendium, Ukraine produced 7.9 million tons of pig iron in 2025, up from 7.1 million tons in 2024.

Pig iron exports from Ukraine rose to 2 million tons last year, compared to 1.3 million tons in 2024.

Apparent pig iron consumption in Ukraine in 2025 amounted to 5.9 million tons, compared to 5.8 million tons a year earlier.

According to Worldsteel, against the backdrop of rising pig iron production, steel output in Ukraine in 2025 fell to 7.4 million tons from 7.6 million tons in 2024. By this measure, Ukraine ranked 23rd in the world, down from 22nd a year earlier.

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Ukraine reduced pig iron production by 0.3% in January–April

According to preliminary data, Ukrainian steelmakers reduced pig iron production by 0.3% in January–April of this year compared to the same period last year, down to 2.356 million tons.

According to information from the Ukrmetallurgprom association on Monday, 554,000 tons of pig iron were produced in April, 690,200 tons in March, 561,900 tons in February, and 549,900 tons in January.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025 compared to 2024, reaching 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023, reaching 7.090 million tons.

In 2023, Ukraine reduced pig iron production by 6.1% compared to 2022, reaching 6.003 million tons.

In 2022, the country reduced pig iron production by 69.8% compared to 2021, down to 6.391 million tons.

In 2021, before the war, 21.165 million tons of pig iron were produced (103.6%).

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Pig iron production in Ukraine rose by 5.9% in Q1 2026

Ukrainian steelmakers increased pig iron output by 5.9% in January–March 2026 compared to the same period last year, reaching 1.802 million tons.

According to information from the Ukrmetallurgprom association on Thursday, 690,200 tons of pig iron were produced in March, compared to 561,900 tons the previous month and 549,900 tons in January.

As reported, Ukraine’s metallurgical enterprises increased pig iron production by 11.2% in 2025 compared to 2024, reaching 7.884 million tons.

In 2024, Ukraine increased pig iron production by 18.1% compared to 2023—to 7.090 million tons.

In 2023, Ukraine reduced pig iron production by 6.1% compared to 2022—to 6.003 million tons.

In 2022, the country reduced pig iron production by 69.8% compared to 2021—to 6.391 million tons.

In 2021, before the war, 21.165 million tons of pig iron were produced.

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