Business news from Ukraine

Business news from Ukraine

Ukraine Increased Pig Iron Exports by 11.2% Over 4 Months

18 May , 2026  

In January–April of this year, Ukraine increased its exports of processed pig iron by 11.2% in volume terms compared to the same period last year—to 638,303 thousand tons from 574,057 thousand tons.

According to statistics released by the State Customs Service (SCS), 181,670 thousand tons of pig iron were exported in April, 168,493 thousand tons in March, in February – 194,345 thousand tons, and in January – 93,795 thousand tons.

In January–April, pig iron exports in monetary terms increased by 7.6% – to $243.568 million from $226.282 million.

Exports were primarily directed to the United States (91.92% of shipments in monetary terms), Italy (3.73%), and Turkey (2.65%).

In the first four months of this year, the country did not import any pig iron, whereas in the first four months of last year, it imported 29 tons worth $55,000.

As reported, in 2025 Ukraine increased its pig iron exports by 53.5% in volume terms compared to the previous year—to 1,980,620 tons—and by 51.9% in revenue—to $759.882 million. Exports were mainly directed to the United States (68.25% of shipments in monetary terms), Italy (20.26%), and Turkey (3.63%).

Over the past year, the country imported 39,000 tons worth $78,000 from Germany (51.95%) and Brazil (48.05%), while in January–December 2024, 38 tons of pig iron worth $90,000 were imported.

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

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