Ukraine’s ferroalloy plants were loaded by 30% in 2022, executive director of the Ukrainian Ferroalloys Association UkrFA Serhiy Kudryavtsev said on the association’s website.
According to him, the entire Ukrainian MMC, ferroalloys and mining companies in the industry were severely affected by the consequences of the military aggression against Ukraine.
Kudryavtsev noted that missile strikes on the Ukrainian energy infrastructure late last year significantly worsened the situation for the ferroalloy industry, which depends on a stable energy supply the most. As a result of these strikes, the enterprises of the industry temporarily partially or completely stopped working.
He specified that the situation at NFP and ZPF is difficult – the enterprises operate with minimal workload. Plants are in a balancing market, the moment can increase or decrease the amount of power supply.
As Ukrainian News earlier reported – in 2022 Ukraine reduced the ferroalloys exports by 47.7% YoY – to 349.560.000 tons.
The business of Stakhanov and Zaporizhzhya ferroalloys plants (NWF and ZZF) was organized by PrivatBank (Kiev) before the nationalization of the financial institution. Nikopol Ferroalloy Plant is controlled by EastOne Group, created in the fall of 2007 as a result of restructuring of Interpipe Group, as well as Privat Group.
