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Ukraine slashes imports of Russian direct reduced iron by 94.7% in 2017

Source : 112 Ukraine

Due to a severe shortage of scrap metal in 2016, Ukraine boosted its imports of direct reduced iron fourfold in year-on-year terms.
12:17, 11 January 2018

Open source

In 2017, Ukraine’s metallurgical producers cut imports of direct reduced iron under code 7203 (substitute for pig iron and scrap metal) to 2,376. This means a contraction of 94.7%, compared to 2016 figures, Interfax-Ukraine reports.

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According to the statistics published by the State Fiscal Service of Ukraine, imports of these materials in monetary terms dropped by 91.6%, to $649,000.

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All deliveries were shipped from Russia, where the largest producer of direct reduced iron in the CIS, Lebedinsky Mining and Processing Combine is based. Currently Ukraine does not export or re-export direct reduced iron.

Related: Ukrainian metallurgy lost 31 bln hryvnas in 2015

Due to a severe shortage of scrap metal in 2016, Ukraine boosted its imports of direct reduced iron fourfold in year-on-year terms. A total of 45,042 tons of direct reduced iron was delivered from Russia, which led to the Ukrainian government’s decision to suspend its imports in the second half of the year. In monetary terms, imports of these materials rose by three times, to reach $7,687 million (compared to $2.554 a year earlier).

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