Ukraine’s pig iron exports significantly dropped in April 2025, with a 60.1% decrease from the previous month. The slowdown in demand from key markets, including the United States, Poland, and Italy, contributed to the sharp drop in export volumes. Ukrainian metallurgical enterprises shipped 120.18 thousand tons of commercial pig iron in April. While this represents a decrease, exports increased by 2.1 times compared to April 2024.
Decline in Demand from Major Markets
In April 2025, 115.52 thousand tons of pig iron were shipped to the United States, marking a 52.9% drop compared to March 2025. Poland’s imports saw a minor decrease, falling by 1.6% to 3.39 thousand tons. Italy, however, did not import any pig iron from Ukraine during the month. This marked a notable shift in the consumption patterns of Ukrainian pig iron, with a sharp decline in demand from these key markets.
Year-to-Date Export Volumes and Revenue Trends
Despite the significant monthly drop, Ukraine’s pig iron exports saw an overall increase in the first four months of 2025 compared to the same period in 2024. Exports surged by 37.4%, reaching 574.06 thousand tons. The United States remains the largest importer of Ukrainian pig iron, accounting for 476.02 thousand tons, up by 46.7% year-over-year. In contrast, Poland’s imports fell by 27.3%, highlighting the shifting export dynamics.
Revenue from pig iron exports also experienced a substantial decline in April 2025, amounting to $46.89 million, a significant decrease from March 2025’s $118.92 million. However, compared to April 2024, the revenue was still higher, indicating that despite the slowdown, there was a noticeable growth in export value over the past year.
Long-Term Export Trends and Market Shifts
Looking at the broader picture, Ukrainian pig iron exports saw modest growth in 2024. The total export volume increased by 3.4% from 1.25 million tons in 2023 to 1.29 million tons in 2024. Notably, exports to the United States grew significantly, with 940.21 thousand tons shipped, up 514% year-over-year. In contrast, exports to Poland declined dramatically, falling by 90% compared to the previous year.
Ukraine’s pig iron exports continue to face challenges due to fluctuating global demand and market dynamics. Despite the significant drop in April 2025, the country has seen continued growth in exports to new markets, especially in North America and Turkey, making the situation worth monitoring as the year progresses.
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