Ukraine’s exports of ferroalloys halved in July

Export revenue fell by 23.8% in seven months

In July 2020, Ukrainian mining & metals companies’ exports of semi-finished products shrank by 53.4% to 34.5 thousand tons against July last year. In monetary terms, exports of semi-finished products increased by 50.8% to $39.3 million, according to the customs statistics.

In seven months, Ukrainian steelmaking companies cut their revenue from exports of ferroalloys by 23.8% to $445.9 million compared to the same period of 2019.

In January–July, Ukrainian metals companies exported 417.2 thousand tons of products, 21.7% down from the same period of the previous year.

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

The main export markets were the Netherlands (26.77%), Turkey (14.31%), and Italy (12.24%).

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.