Ukraine’s ferroalloy industry exported 55,000 tons of products in 1H2025

In January-June 2025, Ukraine’s ferroalloy enterprises exported 54.8 thousand tons of products, compared to 24.2 thousand tons (+126.3% y-o-y) during the same period in 2024. This is evidenced by GMK Center calculations based on data from the State Customs Service.

The largest consumers of ferroalloy products during the period were: Algeria – 15.28 thousand tons, Poland – 14.29 thousand tons (+120% y-o-y), Turkey – 12.98 thousand tons (+129% y-o-y), and Italy – 6.37 thousand tons (+135% y-o-y).

During the second quarter, ferroalloy exports increased by 15.2% compared to the same period in 2024, but decreased by 2.1% compared to the previous quarter – to 27.09 thousand tons.

In June of this year, the figure increased by 61.8% compared to the previous month, to 9.77 thousand tons, while compared to June 2024, it fell by 44.3%. Algeria imported 4.93 thousand tons of Ukrainian products during the month (0 thousand tons in May), Poland – 0.76 thousand tons (-45.2% m/m), Italy – 0.69 thousand tons (-71.6% m/m), and Turkey – 3.07 thousand tons (+85.9% m/m).

Export revenue for January-June 2025 increased to $61.13 million compared to $29.34 million a year earlier. In the second quarter, the indicator grew by 17.3% y/y and 6.9% m/m, and in June – by 54.9% m/m, but decreased by 43.3% y/y, to $11.22 million.

During 2024, Ukraine’s ferroalloy plants reduced their output by 49.4% y/y to 108.2 thousand tons. The industry resumed its operations in April-May after a forced shutdown in the fall of 2023.

As a result, ferroalloy exports for the year decreased by 77.5% compared to 2023, from 344,170 tons to 77,320 tons. In 2022, this figure was 349,560 tons, and in 2021, it was 668,540 tons.

The key consumers of Ukrainian-made ferroalloy products last year were Poland – 20,940 tons (189,340 tons in 2023), Turkey – 45.69 thousand tons (45.69 thousand tons), and Italy – 16.96 thousand tons (18.74 thousand tons).

According to Sergiy Kudryavtsev, executive director of the UkrFa association, the key problem for the industry in 2025 is the high cost of electricity and the stability of its supply. Overall, the mood is largely negative with an element of uncertainty.