Business news from Ukraine

Business news from Ukraine

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

16 July , 2026  

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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