From January to October 2025, Ukraine’s mining sector recorded a 4.4% decrease in iron ore exports compared to the same period last year. The total volume of shipments amounted to 26.56 million tons. China remains the largest buyer of Ukrainian ore, receiving 14 million tons of raw material, which is 16.5% more than in 2024. Shipments to Slovakia totaled 3.72 million tons, showing a decrease of 8.5%, while exports to Poland reached 3.74 million tons, which is 12.8% less year-on-year. Revenue from iron ore exports during this period reached $2.01 billion, which is 14.3% lower compared to last year.
This is reported by Business • Media
Decline in Iron Ore Prices on the Global Market
Since November 2025, iron ore prices on global exchanges have significantly fallen. January futures contracts decreased by 4.4%, reaching $107.4 per ton. December contracts also declined, with their price at $102 per ton, which is 4% lower. This trend resulted from excess raw material inventories, low margins for steel producers, and limited demand for products.
Prospects for the Iron Ore Market
In November, the iron ore market remained under pressure from negative factors, and experts estimate that in the near term, prices are likely to stay in the range of $100-110 per ton. The further development of the market will depend on how quickly raw material inventories decrease and what strategy Chinese metallurgical enterprises adopt ahead of the winter season.
“Overall, this month, the iron ore market remained under pressure from excess inventories, low margins for metallurgists, and weak demand. In the short term, prices are likely to remain near current levels or fluctuate within $100-110 per ton. Further dynamics will depend on the pace of inventory reduction and the policies of Chinese plants regarding production ahead of winter.”