Ukraine’s exports of ferroalloys declined by 15.9% in May

Ferroalloys export revenue fell by 17.4% over the five months

Revenue of Ukrainian steelmaking companies from exports of ferroalloys dropped by 15.9% to 63.7 thousand tons in May 2020 against May last year.

Ferroalloys exports declined by 16.1% in monetary terms to $69.1 million, according to the customs statistics.

Exports of ferroalloys in May shrank by 9.4% in monetary terms and by 11.1% in physical terms against April 2020.

Over the five months of 2020, revenue of Ukrainian steelmaking companies from exports of ferroalloys decreased by 17.4% to $352.9 million compared to the same period of the previous year.

In January–May, Ukrainian companies exported a total of 334.6 thousand tons of ferroalloys. This is 14.2% down from the same period of 2019.

The share of ferroalloys in the total volume of Ukraine’s trade amounted to 1.8%.

The main export markets were the Netherlands (31.23%), Turkey (15.64%), and Italy (12.32%).

As reported earlier, Ukraine’s exports of ferroalloys in 2019 declined in physical terms by 7.8% to 833.6 thousand tons against 2018. In monetary terms, exports of ferroalloys dropped by 6.9% to $910.2 million.

Ferroalloys in Ukraine are produced by Nikopol ferroalloy plant, Zaporizhzhia ferroalloy plant, Pobuzhsky ferronickel plant, Kramatorsk ferroalloy plant, Pokrov Mining and Processing Plant, Marganets Mining and Processing Plant and Energostal.