Ukrainian metallurgical enterprises achieved a record level of exports in March 2025, shipping 300,900 tons of pig iron. This is the highest monthly figure since December 2021. In comparison, exports in February were only 24,350 tons, marking the lowest volume since December 2022, while in March of last year, they stood at 92,430 tons.
This is reported by Бізнес • Медіа
Export Growth Driven by the USA
The key factor behind the export growth was the United States of America. In March, 245,140 tons of products were shipped to the USA in preparation for the introduction of tariffs, whereas there were no exports to this country in February. In the first quarter of 2025, export volumes increased by 25.3% compared to the same period in 2024, reaching 453,880 tons, which brought in $179.4 million.
Dynamics of Iron Ore and Metal Products Exports
However, despite the positive figures for pig iron exports, Ukraine reduced its iron ore exports by 5.7% in the first quarter of the year compared to the same period in 2024, although there was a 0.5% increase compared to the previous quarter, reaching 8.49 million tons, valued at $687.79 million. On the other hand, revenues from the export of ferrous metals decreased by 3.2% in the last quarter, amounting to $728.686 million. Nevertheless, Ukraine was able to increase revenue from the export of metal products by 3.5%, reaching $238.045 million.