Ukraine's iron ore exports have been steadily declining due to several challenges impacting the industry. Rising production costs, including high electricity prices and increased railway tariffs, have significantly affected profitability. Transport issues, such as limited vessel availability and high insurance premiums in the Black Sea, further complicate logistics.
Global market conditions also play a role, with low iron ore prices making exports to key markets like China less viable. Additionally, the ongoing war has disrupted operations and added financial burdens to producers. Despite efforts to optimize and adapt, Ukrainian exporters face fierce competition and low margins in the global market.
