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According to Ukrainian customs data, in May 2024, the export volume of Ukrainian pig iron decreased to 89000 tons, a year-on-year decrease of 7.6% and a month on month increase of 60.1%. The export profit of Ukrainian JSC270H steel local enterprises on pig iron was 34.56 million US dollars, a year-on-year decrease of 15.2% and a month on month increase of 64%.
From January to May 2024, the total export volume of Ukrainian pig iron was 507110 tons, a year-on-year decrease of 19.6%. The export profit was 189.6 million US dollars, a year-on-year decrease of 22.3%.
Most of Ukraine's JSC270H steel pig iron exports go to the United States JSC270H steel (78.6% of trade volume), Italy (6.5%), and Poland (5.8%). The United States has become the largest export destination for Ukrainian pig iron since the beginning of 2024. According to previous reports by GMK, the export volume of Ukraine's pig iron in 2023 decreased to 1.25 million tons, a year-on-year decrease of 5.8%. Compared with before 2021, it decreased by 61.4% (a decrease of 1.99 million tons). Domestic enterprises' pig iron export revenue in 2023 decreased to 471.5 million US dollars, a year-on-year decrease of 26.2%.
In 2023, Poland was the largest exporter of Ukrainian pig iron (accounting for 51.9% of trade volume), followed by Spain (21.4%) and the United States (13.1%).
