Ukrainian ferroalloy producers exported 28.7 thousand tons of products in November 2022

In November 2022, Ukrainian ferroalloy enterprises increased the export of ferroalloys by 4.4 times compared to the previous month – to 28.7 thousand tons. In the monetary terms, deliveries of ferroalloys abroad for this period increased by 3.3 times m/m – up to $34.04 million. This is evidenced by State Customs Service’s data.

On an annual basis, the export of products of ferroalloy plants in November 2022 decreased by 27.3% in physical terms and by 56.7% in monetary terms.

In January-November 2022, Ukraine exported 318.8 thousand tons of ferroalloys. This is 48% less than in the same period of 2021. The revenue of Ukrainian enterprises from the export of ferroalloys for 11 months of 2022 decreased by 42.7% year-on-year – to $532.3 million.

The main consumers of Ukrainian ferroalloys in 11 months of 2022 were Poland (53.82% in monetary terms), the Netherlands (13.88%) and Romania (5.81%).

Foreign trade activities of Ukrainian enterprises of the iron and steel complex are negatively affected by hostilities in Ukraine. The war led to the disruption of production chains and the complication of product delivery due to the blockade of Ukrainian ports. Problems with logistics and sales of products force domestic producers to reduce production or even temporarily stop capacity.

In January-August 2022, ferroalloy enterprises of Ukraine reduced production by 32% compared to the same period last year – to 399.46 thousand tons.

As GMK Center reported earlier, in 2021, Ukraine inceased export of ferroalloys by 7% compared to 2020 – up to 668.5 thousand tons. In monetary terms, the export of ferroalloys in 2021 decreased by 82.7% compared to the previous year – to $1.04 billion.

Ferroalloys in Ukraine are produced by Nikopol ferroalloy plant, Zaporizhzhia ferroalloy plant, Pobuzhsky ferronickel plant, Kramatorsk ferroalloy plant.