Iron ore left the top three Ukrainian exports in the first six months of 2025. Raw material exports fell by almost 12% compared to the first half of last year.
This is stated in the Liga.Net material.
The publication writes that six months ago, iron ore entered the top three in terms of export volumes. Then it amounted to 33.6 million tons. Export growth was 89%.
However, in the period from January to June of this year, iron ore dropped out of the top three.
According to experts, the decline in iron ore exports is associated with the general cooling of the global economy.
"Among the internal factors limiting the competitiveness of domestic products on the global market, market players and analysts primarily name abnormal costs. Enterprises are experiencing significant additional wartime costs," the publication writes.
State initiatives have also become a problem for ore miners. This concerns untimely reimbursement of value added tax (VAT).
In addition, the recent decision of the Verkhovna Rada to increase the replacement tax for mining enterprises by 2.6 times threatens the industry with an increase in fixed costs.
As the Ukrainian News agency earlier reported, in February of this year, the Metinvest group announced plans to invest almost UAH 6 billion in the development of Kryvyi Rih mining and processing plants.
Recall that in September 2024, the Inhulets Mining and Processing Plant was idle for several months due to the high cost of electricity.
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