Ukrainian ferroalloy producers increased exports of products by 1.1% m/m in December 2022

In 2022, ferroalloy shipments abroad decreased by 47.7%

In December 2022, Ukrainian ferroalloy enterprises increased the export of ferroalloys by 1.1% compared to the previous month – up to 30.8 thousand tons. In monetary terms, the supply of ferroalloys abroad for this period decreased by 6.4% m/m – to $ 31.9 million. This is evidenced by the State Customs Service’s data.

On an annual basis, exports of products from ferroalloy plants in December 2022 decreased by 44.5% in physical terms and by 72.3% in monetary terms.

In 2022, Ukraine exported 349.6 thousand tons of ferroalloys. This is 47.7% less than in 2021. The revenue of Ukrainian enterprises from the export of ferroalloys for 12 months of 2022 decreased by 46% year-on-year – to $564.14 million.

The main consumers of Ukrainian ferroalloys in 2022 were Poland (53.25% in monetary terms), the Netherlands (13.13%) and Romania (5.66%).

The military operations in Ukraine have a negative impact on the foreign trade activity of Ukrainian iron and steel enterprises. The war led to the rupture of production chains and the complication of the delivery of products due to the blockade of Ukrainian ports. Difficulties with logistics and sales of products are forcing domestic producers to reduce production or suspend capacity.

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.

Ferroalloy production in 2021 increased by 15% compared to 2020 – up to 858.7 thousand tons, and manganese concentrate – decreased by 6.6%, to 1.76 million tons.

Nikopol Ferroalloy Plant, Zaporizhzhia Ferroalloy Plant, Pobuzhsky ferronickel plant, Kramatorsk ferroalloy plant produce ferroalloys in Ukraine.