Ukraine’s exports of ferroalloys decreased by 39% in February

According to the customs statistics, in February 2021, the volumes of Ukrainian steelmakers’ exports of ferroalloys shrank by 39.1% to 42.9 thousand tons against February last year. Export revenues fell by 26.3% to $49.9 million.

In January–February 2021, Ukrainian steelmaking companies cut their revenues from exports of ferroalloys by 31% to $97.5 million compared to the same period of 2020.

In 2M, Ukraine’s exports of ferroalloys totaled 88.4 thousand tons, 36.4% down from the same period of 2020.

The share of ferroalloys in the total volume of Ukraine’s foreign trade accounted for 1.15%.

The main export markets were Turkey (18.2%), Italy (14.6%), and Poland (14.4%).

As GMK Center reported earlier, in physical terms, Ukraine’s exports of ferroalloys in 2020 declined by 25% to 626.6 thousand tons against 2019. In monetary terms, exports of ferroalloys dropped by 27.5% to $660.02 million.

Ferroalloys in Ukraine are produced by Nikopol ferroalloy plant, Zaporizhzhia ferroalloy plant, Pobuzhsky ferronickel plant, Kramatorsk ferroalloy plant, Pokrov Mining and Processing Plant, Marganets Mining and Processing Plant and Energostal.