Exports of ferroalloys from Ukraine increased by 26.1% y/y in January-November

In January–November 2025, Ukrainian ferroalloy enterprises exported 91.38 thousand tons of products compared to 72.45 thousand tons (+26.1% y-o-y) during the same period in 2024. Thus, there is a possibility that product deliveries for the year will exceed 100 thousand tons. This is evidenced by GMK Center calculations based on data from the State Customs Service.

The largest consumers of ferroalloy products during the period were Algeria (21.28 thousand tons), Poland (23.96 thousand tons (+23.7% y/y), Turkey – 20.44 thousand tons (+33.5% y/y), and Italy – 12.02 thousand tons (-16.9% y/y).

In November of this year, the figure fell by 59.4% compared to the previous month and by 35.3% y/y to 4 thousand tons. Poland imported 1.37 thousand tons of Ukrainian products during the month (+7.5% month-on-month), Turkey – 1.5 thousand tons (-50% month-on-month). Algeria and Italy did not purchase Ukrainian products last month.

Export revenue for January-November 2025 increased to $102.59 million compared to $83.97 million a year earlier (+22.2% y/y), while in November, it fell by 59.4% month-on-month and 22.5% year-on-year – to $4.52 million.

It should be noted that during 2024, Ukrainian ferroalloy plants reduced their output by 49.4% y-o-y to 108.2 thousand tons. The industry resumed its operations in April-May after a forced shutdown in the fall of 2023.

As a result, ferroalloy exports for the year decreased by 77.5% compared to 2023, from 344.17 thousand tons to 77.32 thousand tons. In 2022, this figure was 349,560 tons, and in 2021, it was 668,540 tons.

The main consumers of Ukrainian-made ferroalloy products last year were Poland – 20,940 tons (189,340 tons in 2023), Turkey – 45.69 thousand tons (45.69 thousand tons), Italy – 16.96 thousand tons (18.74 thousand tons).