Ukraine’s exports of ferroalloys in January decreased by a third

Revenues from ferroalloys exports declined by 35.3% in January

In January 2021, Ukrainian steelmakers’ exports of ferroalloys shrank by 33.7% to 45.4 thousand tons against January last year. Export revenues fell by 35.3% to $47.6 million, according to the customs statistics.

The share of ferroalloys in the total volume of Ukraine’s foreign trade amounted to 1.2% in January.

The main export markets were Poland (18.89%), Italy (16.08%), and Turkey (15.83%).

As GMK Center reported earlier, in physical terms, Ukraine’s exports of ferroalloys in 2020 declined by 25% to 626.6 thousand tons against 2019. In monetary terms, exports of ferroalloys dropped by 27.5% to $660.02 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.