Ukraine’s exports of ferroalloys dropped by 22.8% in March

Ferroalloys export revenue declined by 21% in Q1

According to the customs statistics, revenue of Ukrainian steelmaking companies from exports of ferroalloys dropped by 22.8% to $66.4 million in March 2020 against March last year.

Ferroalloys exports grew by 21.9% in physical terms, up to 60.2 thousand tons.

In Q1 2020, Ukraine’s steelmaking companies decreased revenue from iron ore exports by 21% to $207.6 million compared to the same period of the previous year.

In January–March, ferroalloys exports of Ukrainian companies totaled 199.2 thousand tons. This is 16.4% down from Q1 2019.

The share of ferroalloys in the total volume of Ukraine’s trade amounted to 1.7%.

The main export markets were the Netherlands (29.35%), Turkey (15.13%), and Italy (12.64%).

As 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.