Business news from Ukraine

Business news from Ukraine

Ferroalloy enterprises of Ukraine in total reduced output by 32%

19 October , 2022  

Ferroalloy enterprises of Ukraine in January-August of the current year in total reduced output by 32% compared to the same period last year – up to 399.46 thousand tons.
As Interfax-Ukraine was informed by the Ukrainian Association of Ferroalloy Producers (UkrFA), in January-August, the production of silicomanganese decreased by 22.2% – to 356.5 thousand tons, ferromanganese – by 70.7%, to 20.69 thousand tons.
In addition, the production of ferrosilicon (in terms of 45%) fell by 63.4% – to 19.72 thousand tons, metallic manganese – by 62.4%, to 1.81 thousand tons.
In addition, 0.74 thousand tons of other ferroalloys were produced.
Pokrovsky (formerly Ordzhonikidzevsky) Mining and Processing Plant (PGOK, Dnipropetrovsk region), which mines and enriches manganese ore, produced 497.1 thousand tons of manganese concentrate in 8 months 2022, which is 34.4% lower compared to 8 month-2021. PGOK for 8 months. also produced 29.55 thousand tons of iron ore sinter (84.8% less compared to January-July 2021), supplying it to PJSC “Dniprovsky Metallurgical Plant” (DMZ), which is part of DCH Steel businessman Alexander Yaroslavsky. In March-August, PGOK did not produce iron ore sinter, as DMZ suspended the production of metal products.
At the same time, on September 1 of this year, PGOK resumed the work of the Bogdanovskaya concentrating and sintering plant.
Data on the results of the work of the Marganets mining and processing plant (MGOK, Dnipropetrovsk region) for 8 months-2022 are not available, meanwhile, for 7 months-2022 it produced 294.68 thousand tons of concentrate (a decrease of 5.6% compared to 7 month-2021).
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% – up 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).