Iron Ore Exports from Ukraine Decreased by 4.4% Since the Beginning of 2025

The Ukrainian mining industry reduced its iron ore export volumes by 4.4% from January to October 2025 compared to the same period last year. During this time, 26.56 million tons of raw material were exported. As before, China purchased the largest share of Ukrainian iron ore – the volumes supplied to this country increased by 16.5% to 14 million tons.

This is reported by AgroReview

Main Markets and Financial Results

Among other key importers of Ukrainian iron ore are Slovakia and Poland. Over the ten months of 2025, 3.72 million tons were shipped to Slovakia (-8.5% compared to last year), and 3.74 million tons to Poland (-12.8%). Revenue from iron ore exports during this period amounted to 2.01 billion USD, which is 14.3% less than in the same period of 2024.

Price Dynamics and Market Impact

According to industry experts, there was a noticeable decline in iron ore prices in November 2025. In particular, January futures fell by 4.4% to 107.4 dollars per ton. December contracts also decreased by 4% to 102 dollars per ton. The reasons for this trend included excess raw material stocks, low margins for metallurgical enterprises, and weak market demand.

“Overall, this month the iron ore market remained under pressure from excess stocks, low metallurgists’ margins, and weak demand.”

Analysts predict that in the near future, the price of iron ore will remain at the level of 100-110 dollars per ton, and further changes will depend on the pace of stock reduction and the production policies of Chinese metallurgical plants ahead of the winter season.