ferroalloys

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Merafe suspends operations of two ferrochrome smelters

The suspension will remain in effect indefinitely until the market situation changes

Global prices for ferroalloys declined in mid-April

Manufacturers are forced to adjust supply amid weak demand despite rising costs

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Ukraine’s ferroalloy industry exported 27.7 thousand tons of products in Q1

Algeria, Poland and Italy account for the key supply volumes

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Global ferroalloy prices slightly declined in late March

Lack of large deals prevented sellers from raising quotes

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Ukraine increased exports of ferroalloys by 30.1% m/m in February

Product shipments reached their highest level since August 2024

Global ferroalloy prices decline in first half of March

Weak demand from steelmakers and high inventories are holding back price offers

Ukrainian ferroalloy companies exported 8.3 thousand tons of products in January

The key destinations for shipments are Algeria and Poland

In 2024, ferroalloy plants produced 108 thousand tons of products

The industry reduced ferroalloy exports by 4.5 times in 2024

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Ukraine reduced production of ferroalloys by 49% y/y in 2024

Due to the prolonged downtime of key producers, output fell to 108.15 thousand tons

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Pokrovsk Mining expects to resume manganese ore production in 2025

The plant plans to launch the Chkalovsk Concentrator and restore open pit operations in the middle of the year

Ukraine’s ferroalloy industry exported 77.3 ths tons of products in 2024

Shipments of ferroalloys fell by 77.5% y/y, in particular, due to plant downtime during the first half of the year

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European Commission initiates investigation into imports of ferroalloys

Imports of certain categories of these products increased from 1.3 million tons in 2020 to 1.6 million tons by mid-2024

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