The Ukrainian Metal

Ukraine: iron ore exports up in January-October 2024

In October, Ukraine increased iron ore exports by 31.5% MoM and by 65.2% YoY, to 2.54 million tons.

According to the State Customs Service, exports have almost reached the average volumes this year (2.81 million tons) after a drop to the minimum since the start of the year in September (1.93 million tons).

This became possible with the resumption of demand from key customers. In particular, China purchased 1.21 million tons (+123.5% MoM), Slovakia – 320.26 thousand tons (+10%) and Poland – 412.15 thousand tons (+7.6%).

In January-October, Ukraine increased iron ore exports by 96% YoY, to 27.79 million tons. Most was exported to China – 12.01 million tons, followed by Slovakia (4.06 million tons) and Poland (4.28 million tons).

Export revenue over 10 months totaled $2.34 billion, up by 59.4% YoY, and in October – $166.83 million (+17.2% MoM and +14.2% YoY). (Ukrainian metal)

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