Analyst GMK Center reported on Tuesday that Ukraine's iron ore exports in January fell by 34.4% on a year-over-year basis to?2,05 million metric tons.

GMK Center expects Ukraine's iron ores exports to drop by 5% - to 29 million tonne - this year.

The company stated that the main reasons for the decline in iron ore prices in China are the lower prices in China and the declining competitive position of Ukrainian suppliers in this market, as well as higher logistics costs.

Russia has intensified?strikes against Ukrainian seaports, energy infrastructure and ports. This has caused?blackouts in entire regions as well as significant restrictions on energy supply to ports and railroads. Ukrainian grain exports have already been affected by logistics problems.

The annual Ukrainian iron ore exports dropped by 8% to nearly 31 million tons in 2025. (Reporting and editing by David Goodman.)

(source: Reuters)