Ukraine Iron Ore Mining - Natural Resources and Research

Ukraine is a huge role player

Anyone who is knowledgeable about the iron producing industry will be very much aware of the huge impact that Ukraine has on this industry. According to currently available statistics Ukraine are only exceeded by seven other countries when it comes to the production of steel. Likewise in the area of iron exports there are only two other companies that are currently exporting more iron than Ukraine. When one looks at the total global crude steel output at least 2% of that overall total are being provided by the Ukraine. The Ukrainian steel industry are contributing 5% and more to the gross domestic product. Also when it comes to exports 34 percent of the total exports of the Ukraine comes from the steel industry according to statistics which has been released in 2007. Those statistics have also shown that over 400,000 people which represent over 10% of the total industrial labor force and over 2% of the national workforce are employed in this steel industry. Therefore comes as no surprise that the steel industry are considered a very important component of the Ukrainian economy. According to well researched statistics the Ukrainian steel industry have reached its highest level in 2007 when over 40,000,000 tons have been produced but unfortunately the slower economic conditions which followed shortly after pushed down the total production to below 30,000,000 tons.

The Ukraine possess huge iron ore deposits

Just like Australia and South Africa the Ukraine is fortunate enough to have huge natural iron ore deposits. Although there are exceedingly more iron ore deposits than could ever be used locally in the Ukraine and therefore exports are the only solution the only problem is that the high cost of extraction hampers the benefits which could be derived from exports. There are at least 14 active iron ore mining companies operating within the Ukraine and a similar amount of iron and steel mills and a couple of other steel production plants which specializes especially in ferroalloy elements. Since 2006 there has been a considerable modernization and an effort has been made to introduce more cost effective methods which also requires significantly lower sources of energy in order to produce steel products. During the 1990s Ukrainian’s steel industry has been privatized which has apparently benefitted this industry because the coal mining industry which are still government owned are struggling with never ending financial problems.

Several other deposits exist

The Ukraine does not only have iron ore deposits but also have a considerable amount of manganese and it actually has over 70% of the manganese deposits among all the old USSR countries. There are also substantial aluminum deposits in certain areas of the country but the production of aluminum are significantly limited because of the available of energy and also because of higher production costs. However according to statistics the available aluminum which can be produced in the Ukraine alone provides in about 30% of the local demand and are therefore not making as much impact as iron ore production.

Mining News, Fiscal Reports and News Releases - World Crude Steel Forecast



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Export Commodities of Pakistan

Exports have decreased in 2015

There have been a slight decrease in Pakistani exports during 2015 when compared to statistics which have been gathered in 2014. This follows on the excellent levels which has been a reached in 2013 which was the year in which the highest level of exports has been recorded in the history of Pakistan. All of these export statistics are updated regularly by the Pakistan Bureau of statistics.
Pakistan are exporting many commodities and goods among which are mineral fuels, various types of manufactured goods as well as beverages. Other exports include live animals as well as various kind of food types and also chemicals and other crude materials. The largest export partner of Pakistan is still the United States followed by China and UAR.

There has been a significant increase in the volumes of Pakistan’s basmati rice exports. This is good news after the export of rice has taken a substantial dip earlier in the year because of various factors such as poor marketing, and lower prices which was charged for equivalent products in India and also because of increases in prices of rice in Pakistan. There are expectations that exports can further increase because the price difference between Indian rice and those which are produced by Pakistan has narrowed significantly making Pakistani rice more attractive to importers of this product.
Another very important export product of Pakistan is spices and there are many producers of various kind of spices in Pakistan that are exporting their products on a continuous basis. The same thing is true for all fruit related products as well as the dried fruits as well as peanuts, almonds, and various other nut products.

Pakistan also export raw cotton and other textile products such as cotton yarn. Various kinds of leather and products which is being manufactured from leather are continuously exported. There are also excellent manufacturers of carpets and rugs and a very large quantity of tents are also manufactured in Pakistan which are being export to foreign markets.

Pakistan is also an exporter of surgical instruments as well as synthetic textiles and even various kinds of sporting equipment. There are also many manufacturers of ready-made garments which contribute handsomely to the overall export scenario of Pakistan. Various type of food related products such as fish, fruit and even vegetables are continuously exported as well is various types of engineering goods and also pharmaceutical and chemical products.

Although Pakistan has an open policy which allows for trade with many different countries it is a well-known fact that their major export destinations is still the US, Japan, Germany, the UK and Hong Kong. Almost 30% of all Pakistani exports find their way to the US. The next biggest partners is Germany and the UK. Exports to Japan has been declining in recent years and are now contributing to any one percent of the total exports of Pakistan which is significantly lower than the 5.7% of a decade ago. There is widespread agreement that in order to ensure more vigorous growth Pakistan will have to diversify both in terms of the markets with whom they deal with and also in terms of the commodities which are being exported.



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