Business news from Ukraine

Business news from Ukraine

Ferroalloy enterprises of Ukraine in total reduced output by 27.6%

11 September , 2022  

Ferroalloy enterprises of Ukraine in January-July of the current year in total reduced output by 27.6% compared to the same period last year – up to 360.17 thousand tons.
As Interfax-Ukraine was informed by the Ukrainian Association of Ferroalloy Producers (UkrFA), in January-July, the production of silicomanganese decreased by 17.5% – to 319.66 thousand tons, ferromanganese – by 67.6% – to 19.98 thousand tons.
In addition, the production of ferrosilicon (in terms of 45%) decreased by 60.5% – to 18.11 thousand tons, metallic manganese by 55.6% – to 1.81 thousand tons.
Also, 0.61 thousand tons of other ferroalloys were produced.
Pokrovsky (previously – Ordzhonikidzevsky) and Marganets mining and processing plants (PGOK and MGOK, both – Dnepropetrovsk region), mining and enriching manganese ore, for 7 months-2022 produced a total of 777.52 thousand tons of manganese concentrate, which is 19. 8% lower compared to 7M-2021. At the same time, MGOK produced 294.68 thousand tons of concentrate (a decrease of 5.6%), PGOK – 482.84 thousand tons (a decrease of 26.5%).
Pokrovsky GOK for 7 months. also produced 29.55 thousand tons of iron ore sinter (82.7% less compared to January-July 2021), supplying it to PJSC “Dneprovsky Metallurgical Plant” (DMZ), which is part of DCH Steel businessman Alexander Yaroslavsky. In March-July, PGOK did not produce iron ore sinter, as DMZ suspended the production of metal products.
At the same time, PGOK resumed the work of the Bogdanovskaya concentrating and sintering plant on September 1 this year.
As reported, in 2021 Ukraine increased the production of ferroalloys by 15% compared to 2020 – up to 858.7 thousand tons, but reduced manganese concentrate by 6.6%, to 1 million 763.43 thousand tons.
Prior to nationalization, PrivatBank (Kyiv) organized the business of SZF (located on the NKT) and ZZF, MGOK and PGOK (OGOK).
The Nikopol Ferroalloy Plant is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group (both Dnepr).