Business news from Ukraine

Business news from Ukraine

Exports of ferroalloys from Ukraine increased 34 times since beginning of year

15 May , 2025  

In January-April this year, Ukraine increased exports of ferroalloys in physical terms 34 times compared to the same period last year, to 38,963 thousand tons from 1,141 thousand tons.

According to statistics released by the State Customs Service (SCS) on Tuesday, in monetary terms, exports of ferroalloys increased 11.6 times to $42.657 million.

The main export destinations were Poland (33.84% of shipments in monetary terms), Algeria (24.34%), and Turkey (21.38%).

In addition, in the first four months of 2025, Ukraine imported 14,341 thousand tons of this product, a decrease of 60.7% compared to the first four months of 2024. In monetary terms, imports fell by 53.1% to $27.798 million. Imports came mainly from Norway (29.80%), Kazakhstan (12.65%), and Georgia (12.14%).

As reported, the Pokrovsky Mining and Processing Plant (PGZK, formerly Ordzhonikidze Mining and Processing Plant) and Marganetsky Mining and Processing Plant (MGPP, both in Dnipropetrovsk region), which are part of the Privat group, stopped mining and processing raw manganese ore in late October – early November 2023, while NZF and ZZF stopped smelting ferroalloys. In the summer of 2024, ferroalloy plants resumed production at a minimum level.

In 2024, Ukraine reduced its exports of ferroalloys in physical terms by 4.45 times compared to 2023, to 77,316 thousand tons from 344,173 thousand tons. In monetary terms, exports fell 3.4 times, to $88.631 million from $297.595 million. The main exports were to Poland (27.40% of shipments in monetary terms), Turkey (21.53%), and Italy (19.82%).

In addition, last year Ukraine imported 82,259 thousand tons of this product compared to 14,203 thousand tons in 2023 (an increase of 5.8 times). In monetary terms, imports increased 3.3 times, to $140.752 million from $42.927 million. Imports came mainly from Poland (32.71%), Norway (19.55%), and Kazakhstan (13.90%).

The business of ZZF, NZF, Stakhanov ZF (located at NKT), Pokrovsky and Marganetsky GZK was organized by PrivatBank before the nationalization of the financial institution. The Nikopol Ferroalloy Plant is controlled by the EastOne group, which was created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group.

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