Exports of ferroalloys from Ukraine came to a virtual standstill in January and February

Based on the results for January–February 2026, Ukraine’s ferroalloy producers have virtually halted exports, a situation reminiscent of early 2024 (0.54 thousand tons), when all plants were idle due to power supply issues. Thus, over the first two months of this year, shipments totaled 0.84 thousand tons, compared to 19.17 thousand tons in January-February 2025. This is evidenced by calculations from the GMK Center based on data from the State Customs Service.

The products were shipped to Poland, Romania, and the Netherlands—0.49 thousand tons, 0.15 thousand tons, and 0.12 thousand tons, respectively.

At the same time, the bulk of shipments took place in January—0.76 thousand tons (-68.9% MoM; -90.8% YoY)—while in February, shipments totaled 0.07 thousand tons, a record low.

Export revenue for January–February amounted to $1.18 million, compared to $19.77 million a year earlier. In February, this figure stood at $111,000.

As noted by Serhiy Kudryavtsev, Executive Director of UkrFA, the near-complete halt in exports reflects the overall state of the industry at the beginning of 2026. After operating in 2025 at a minimum capacity of about 10%, ferroalloy plants were forced to shut down starting January 19 due to electricity shortages and high electricity prices, which account for over 50% of production costs.

Additional pressure is being exerted by logistical problems, in particular the complicated transportation of raw materials due to the destroyed connection between Marganets and Nikopol, as well as staffing difficulties and restrictions on the operation of enterprises in the frontline zone. Under these conditions, producers have effectively lost the ability to maintain stable export shipments.

As reported by GMK Center, in 2025, Ukraine’s ferroalloy producers exported 93,840 metric tons of products, compared to 77,360 metric tons (+21.4% year-over-year) during the same period in 2024. Export revenue rose to $105.44 million compared to $88.63 million a year earlier (+19% y/y).

Among the largest consumers of ferroalloy products during the period were Algeria – 21,280 metric tons, Poland – 25,970 metric tons (+24% y/y), Turkey – 20.4 thousand tons (+87% y/y), and Italy – 12.02 thousand tons (-29.1% y/y).