[SMM Iron & Steel] Ukraine reduced iron ore exports by 4.9% y/y in January-November

Published: Dec 15, 2025 16:20

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In January-November 2025, Ukraine’s mining industry reduced iron ore exports by 4.9% compared to the same period in 2024, to 28.77 million tons.

China is traditionally the largest consumer of Ukrainian iron ore. During this period, shipments of raw materials in this direction amounted to 15.29 million tons (+17.3% y/y). Slovakia received 4.08 million tons (-8.3% y/y), and Poland received 3.91 million tons (-16.7% y/y).

In November, Ukraine exported 2.21 million tons of raw materials, which is 8.7% less than in the previous month and 10.2% less than in November 2024. 1.29 million tons (+12.4% m/m; +26% y/y), to Slovakia – 366.19 thousand tons (-2.9% m/m; -5.2% y/y), and to Poland – 171.28 thousand tons (-57% m/m; -58.1% y/y).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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