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In January-July 2022, the export of ferroalloys reached 243.1 thousand tons

In July 2022, Ukrainian ferroalloy enterprises reduced the export of ferroalloys by 84.9% compared to the same month in 2021 – to 10.5 thousand tons. In monetary terms, deliveries of ferroalloys abroad during this period decreased by 83.7%, to $18.07 million. This is evidenced by the data of State Customs Service.

In January-July 2022, the export of ferroalloys decreased by 37.5% compared to January-July 2021 – to 243.07 thousand tons. The income of enterprises from ferroalloys exports amounted to $438.6 million, which is 16.2% less than in the same period last year.

At the same time, in January-April 2022, 220.2 thousand tons of ferroalloys were exported for $390.9 million, and in May-July 2022 – only 22.87 thousand tons for $47.7 million.

The main consumers of Ukrainian ferroalloys in 7 months of 2022 are: Poland – 55.4%, the Netherlands – 11.5%, and Turkey – 10.3%.

As GMK Center reported earlier, after the invasion of Russia into the territory of Ukraine, domestic steel enterprises reduced production to a minimum or stopped it completely. In the first half of 2022 ferroalloy enterprises of Ukraine reduced output of ferroalloys by 23.6% compared to the same period last year – up to 317.1 thousand tons. Ferroalloys export for 6 months amounted to 232.6 thousand tons, decreasing by 27.2%.

Ukrainian iron&steel companies in January-July 2022 reduced export of iron ore by 28.8% compared to the same period in 2021 – up to 18.57 million tons.

As GMK Center wrote before, in 2021 Ukraine grew up ferroalloys export by 7% compared to 2020 – up to 668.5 thousand tons. In monetary terms, the export of ferroalloys decreased by 82.7% – to $1.04 billion.

Ferroalloys in Ukraine are produced by Nikopol ferroalloy plant, Zaporizhzhia ferroalloy plant, Pobuzhsky ferronickel plant, Kramatorsk ferroalloy plant.