Russia saw a y-o-y 5.5% drop in pig iron exports on 2021 to 3.92 million tonnes (mnt) against 4.18 mnt in the preceding year. The drop was mainly on account of China’s decreased imports brought on by production curbs.
On the other hand, Ukraine’s exports of the same inched up 2.4% to 3.18 mnt (3.10 mnt) in this period. Europe, USA and Turkey are the major importers. It is to be noted that CIS countries contribute 50% of global Pig iron trade.
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