Ukrainian ferroalloy producers exported 6.5 thousand tons of products in October 2022

In October 2022, Ukrainian ferroalloy enterprises reduced the export of ferroalloys by 72.5% compared to the previous month – to 6.49 thousand tons. In the monetary terms, deliveries of ferroalloys abroad during this period increased by 65.6% m/m – up to $9.15 million. This is evidenced by the data of State Customs Service.

On an annual basis, the export of ferroalloy products in October 2022 decreased by 89.1% in physical terms and by 92% in monetary terms.

In January-October 2022, Ukraine exported 290.06 thousand tons of ferroalloys. This is 49.4% less than in the same period of 2021. The revenue of Ukrainian enterprises from the export of ferroalloys for 10 months of 2022 decreased by 41.4% year-on-year – to $498.2 million.

At the same time, in January-April 2022, 220.2 thousand tons of ferroalloys were exported for $390.9 million, and in May-October – only 69.86 thousand tons for $107.3 million.

The main consumers of Ukrainian ferroalloys in 10 months of 2022 were Poland (55.03% in monetary terms), the Netherlands (14.58%) and Romania (6.03%).

Foreign trade activities of Ukrainian enterprises of the mining and metal 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 increased 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.