Ukrainian mineral producers have returned to the Chinese market, and have also significantly increased supplies to Turkey.
This year, Ukraine regained some of its lost positions in the world iron ore market. The Ministry of Industry reported this yesterday.
So, in January-August 2024, 23.3 million tons of raw materials were exported – this is almost the same as in all of 2022, and much more than in 2023. The current export speed is almost twice as high than in the past – exporters have already brought more than $2 billion in revenue to Ukraine.
“The last year before the war gave Ukraine 44.5 million tons of exports in physical terms and almost 7 billion dollars in money In 2022, the tonnage is reduced by almost half, to 24 million tons, in 2023 the bottom became closer – 17, 7 million tons. Against this background, the expected 30-35 million tons of ore export in 2024 seems a serious achievement due to the fact that Ukrainian mineral producers has returned to the Chinese sales market,” the article said.
The first million tons of iron ore raw materials were sent to Turkey this year: the restoration of maritime navigation made it possible to return to this market, experts of the publication point out. According to the results of the first half of 2024, Ukraine immediately took the second place among the leading mineral suppliers in the Turkish market, overtaking South Africa.
It was noted that manufacturers still have problems that can stop the development of the industry. The main ones remain energy and logistics.
“The need to import 80% of electricity is a serious blow: the auctions for access to the intersection are furious because all the big consumers of electricity go there, these auctions are day -day, that is, industrialists will not be able to buy an intersection every month or a year, and with predictability “The industry expects another painful blow from Ukrzaliznytsia, whose leadership is taking the initiative to – unify tariffs for all types of cargo transportation,” the authors of the article wrote.
According to estimates from iron ore exporters, the increase in UZ tariffs will result in an increase in rail logistics costs for them by 20-25%.
“This is despite the fact that in 2022, Ukrzaliznytsia increased freight tariffs by 70%. out.
Earlier it became known that Ukraine returned to the top 20 largest steel producers in the world. During the eight months of 2024, production rose 30.7% year-on-year to 5.27 million tons.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.