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Export revenue fell by 28.7% in 10M

In October 2020, Ukrainian mining & metals companies’ exports of ferroalloys shrank by 24.1% to 47.04 thousand tons against October last year. In monetary terms, exports fell by 28.2% to $45.9 million, according to the customs statistics.

In 10M, Ukrainian steelmaking companies cut their revenue from exports of ferroalloys by 28.7% to $568.3 million compared to the same period of 2019.

In January–October, Ukraine’s exports of ferroalloys totaled 535.5 thousand tons. This is 26.4% down from the same period a year earlier.

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

The main export markets were the Netherlands (23.4%), Turkey (13.8%), and China (13.6%).

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.