Global pig iron trade dropped 21% to 9.2 million tonnes (mnt) in 2022 against 11.7 mnt seen in the preceding year, as per provisional data available with SteelMint shows. Russia and Ukraine were the top (4 mnt) and third largest (3 mnt) exporters of the material in 2021. Combined, they held a leading share of 58% in global pig iron exports in 2021, SteelMint data shows. However, with the onset of the war, trade dynamics changed. Exports from both countries were disrupted.
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