ferroalloys - Latest news GMK Center

Shipments of ferroalloys are gradually recovering after the restart of some capacities, but are still down 91.2% y/y

During the month, the industry exported 5.5 thousand tons of products, compared to 0.2-0.4 thousand tons in January-April

Merafe will stop publishing quarterly reference prices for ferrochrome starting in June

The plant, first of all, cannot work fully due to the shortage of electricity and its high cost for industry

In April, shipments increased for the first time since the beginning of the year – by 209% m/m, up to 0.45 thousand tons

In March, shipments fell to a record low of 0.01 thousand tons

Active hostilities and proximity to the front line create maximum uncertainty for the industry

During January-February, Ukrainian ferroalloyers shipped 0.54 thousand tons of products abroad

The company notes that the cost of electricity remains high, and the prices of ferroalloys are insufficient to resume operations

During the month, ferroalloy producers exported only 0.2 thousand tons of products, which is a consequence of the complete shutdown of existing enterprises

The plants have been idle since November 2023, in particular due to the proximity to the front line, the fall in prices for ferroalloys and the high cost of production

Most of the exports were directed to Poland