Ukraine: iron ore export down in June 2022

In June, Ukrzaliznytsia decreased iron and manganese ore transportation via western border and the Danube ports of Izmail and Reni by 16.1% MoM, to 1.51 million tons. Overall exports amounted to 2.92 million tons, down by 10.2%, mainly due to the drop in ore transportation. Transportation via Izmail totaled 69.5 thousand tons, down from 428.4…

Ukraine: iron ore export down in H1 2022

In January-June, Ukraine exported 17.01 million tons of iron ore and concentrate, down by 24.2% YoY. According to the customs statistics, in monetary terms exports dropped by 44.8%, to $2.16 billion. Slovakia was the main customer with the share of 18.68%, followed by China with 17.55% and Poland with 14.65%. Due to the blockade of…

Ukraine: GOKs forced to decrease output

Because of high railroad tariffs, it’s unprofitable for Ukrainian manufacturers to ship ore to China. “Ukrainian railroad tariffs are very high. Tariffs in Europe are even higher. Combined, they make it unprofitable for us to ship ore to China,” Metinvest CEO Yuri Ryzhenkov has said. According to him, Ukrainian ore producers were forced to decrease…