In January-October this year, Ukraine reduced exports of ferroalloys in physical terms by 5 times compared to the same period last year – to 66.260 thousand tons from 334.008 thousand tons.
According to the statistics released by the State Customs Service, exports of ferroalloys in monetary terms decreased by 3.7 times to $78.138 million from $288.958 million.
At the same time, the main exports were made to Poland (25.17% of supplies in monetary terms), Turkey (24.31%) and Italy (19.74%).
In addition, in January-October, Ukraine imported 77.556 thousand tons of these products compared to 6.790 thousand tons in January-October 2023 (an 11.4-fold increase). In monetary terms, imports increased 4.8 times to $131.192 million from $27.192 million.
Imports were mainly from Poland (35.03%), Norway (18.98%) and Kazakhstan (14.38%).
As reported, Pokrovsky Mining and Processing Plant (PGOK, formerly Ordzhonikidze Mining and Processing Plant) and Marganetsky Mining and Processing Plant (MGOK, both in Dnipropetrovska oblast), both part of Privat Group, stopped mining and processing of crude manganese ore in late October and early November 2023, while NFP and ZFP stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.
In 2023, Ukraine decreased exports of ferroalloys in physical terms by 1.5% compared to 2022, to 344.173 thousand tons, while in monetary terms, exports of ferroalloys decreased by 47.2% to $297.595 million. The main exports were to Poland (52.79% of supplies in monetary terms), Turkey (14.13%) and the Netherlands (8.46%).
In addition, in 2023, Ukraine imported 14.203 thousand tons of these products, which is 30.9% less than in 2022. In monetary terms, imports decreased by 41% to $42.927 million. Imports were carried out mainly from Poland (23.94%), India (16.08%) and Armenia (14.35%).
Prior to the nationalization of the financial institution, PrivatBank organized the business of ZZF, NZF, Stakhanovsky ZF (located on the NKT), Pokrovske and Marganetske GOKs. Nikopol Ferroalloy Plant is controlled by EastOne Group, created in the fall of 2007 as a result of the restructuring of Interpipe Group, and Privat Group.
