Exports of ferroalloys from Ukraine fell to 1,200 tons in Q1

According to figures for January–March 2026, Ukraine’s ferroalloy producers have virtually halted exports, a situation reminiscent of early 2024 (0.69 thousand tons), when all plants were idle due to power supply issues. Over the first three months of this year, shipments totaled 1.17 thousand tons, compared to 27.68 thousand tons in January–March 2025. This is according to calculations by GMK Center based on data from the State Customs Service.

Products were shipped to Poland, Romania, and the Netherlands—0.49 thousand tons, 0.26 thousand tons, and 0.23 thousand tons, respectively.

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. In March, 0.34 thousand tons of products were exported (+368% MoM; -96% YoY).

Export revenue for January–March amounted to $1.59 million compared to $29.54 million a year earlier. In March, this figure stood at $420 thousand.

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 approximately 10%, ferroalloy plants were forced to halt operations 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 enterprises exported 93,840 metric tons of products, compared to 77,360 metric tons (+21.4% y/y) 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).