Ukraine’s exports of ferroalloys declined by 25% in 2020

In December, steelmakers reduced ferroalloys exports by 19.6%

In 2020, Ukrainian steel producers reduced exports of ferroalloys by 25% to 625.6 thousand tons against 2019. In monetary terms, exports of ferroalloys dropped by 27.5% to $660.02 million, according to the customs statistics.

In December 2020, Ukrainian steelmaking companies cut their revenues from exports of ferroalloys by 15% to $48.7 million compared to December 2019.

In the same period, Ukraine’s exports of ferroalloys totaled 47.3 thousand tons, 19.6% down from December 2019.

The share of ferroalloys in the total volume of Ukraine’s foreign trade amounted to 1.4%.

The main export markets were the Netherlands, China and Turkey.

As GMK Center reported earlier, in physical terms, Ukraine’s exports of ferroalloys in 2019 declined 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.