Business news from Ukraine

Mining enterprises of Ukraine reduced export of iron ore by 35.3%

Mining enterprises of Ukraine in January-September of the current year reduced the export of iron ore raw materials (IORM) in physical terms by 35.3% compared to the same period last year – up to 21 million 366.874 thousand tons.
According to statistics published by the State Customs Service (STS), for the specified period, foreign exchange earnings from the export of iron ore decreased by 55.2% – to $ 2 billion 666.161 million.
Iron ore was exported mainly to Slovakia (19.45% of supplies in monetary terms), Poland (16.99%) and the Czech Republic (16.03%).
During the specified period, iron ore was imported to Ukraine for $27 thousand in a total volume of 49 tons, while in January-September 2021 – for $158 thousand in a total volume of 1.175 thousand tons. Import was carried out from Norway (44.44%), Great Britain (40.74%) and Italy (11.11%).
As reported, Ukraine in 2021 reduced the export of iron ore raw materials (IORM) in physical terms by 4.2% compared to 2020 – up to 44 million 357.727 thousand tons, but increased revenue by 62.8% – up to $6 billion 899.816 million The export of iron ore was carried out mainly to China (41.90% of supplies in monetary terms), the Czech Republic (9.65%) and Poland (7.99%).
Last year, IORM was imported to Ukraine for $184 thousand in a total volume of 1.202 thousand tons, while in 2020 123 tons of iron ore for $75 thousand were imported. Imports for 2021 were carried out from Egypt (55.98%), the Netherlands ( 21.2%) and Poland (7.07%).

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MINING ENTERPRISES OF UKRAINE DOUBLE EARNINGS FROM IRON ORE EXPORT

Mining enterprises of Ukraine in January-September of this year, according to recent data, increased exports of iron ore raw materials (iron ore) in monetary terms by 2.04 times compared to the same period last year, to $5.95 billion.
According to preliminary generalized statistics released by the State Customs Service, in monetary terms, iron ore exports in September amounted to $472.96 million, while in September 2020 – $387.3 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 increased by 24.7%, to $4.239 billion.

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FERREXPO WHICH IN UKRAINE CONTROLS POLTAVA AND YERISTOVO MINING ENTERPRISES LEADS IN EXPORTS OF PELLETS IN CIS

Ferrexpo Plc (the U.K.), which in Ukraine controls Poltava and Yeristovo mining enterprises, in 2018 exported 10.287 million tonnes of pellets to European countries, as well as to Japan, Taiwan, South Korea and China, remaining the leader in exports of pellets among similar companies from the CIS. The company said in a press release on Wednesday that the information was published by state-owned enterprise Ukrainian Industry Expertise.
Poltava Mining exported 7.61 million tonnes of iron ore pellets and Yeristovo Mining – 2.677 million tonnes.
According to the document, the Metinvest group exported 5.374 million tonnes of pellets (including Pivnichny Mining – 3.136 million tonnes, Central Mining – 2.239 million tonnes).
The Severstal Group, in particular, the Karelsky Okatysh (Russia) exported 5.293 million tonnes of iron ore pellets for the reporting period. The Metalloinvest group exported 4.205 million tonnes of pellets (including Mikhailovsky GOK – 2.817 million tonnes, Lebedinsky GOK – 1.389 million tonnes, all of them based in Russia). The Evraz group, in particular EVRAZ KGOK, exported 558,900 tonnes of pellets.
“Ferrexpo has traditionally become the leader in the export of iron ore pellets among the enterprises of the former USSR countries, according to the results of 12 months of 2018,” the company said in the press release referring to the data of Ukrainian Industry Expertise.
In addition, it is reported that during this period, Poltava Mining produced 10.607 million tonnes of iron ore pellets. The production of Mikhailovsky GOK totaled 14.887 million tonnes of iron ore pellets, Karelsky Okatysh – 11.225 million tonnes, and Pivnichny Mining – 8.45 million tonnes.

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