Business news from Ukraine

Business news from Ukraine

Ferroalloy Exports from Ukraine Fell by 80.5% in First Half of Year

20 July , 2026  

In January–June of this year, Ukraine’s ferroalloy exports decreased by 80.5% in volume terms compared to the same period last year—to 15,212 thousand metric tons from 54,771 thousand metric tons.

According to statistics released by the State Customs Service (SCS), 6,432 thousand metric tons of ferroalloys were exported in June, 4,851 thousand metric tons in May, 2,755 thousand metric tons in April, 337 metric tons in March, 72 metric tons in February, and 765 metric tons in January.
In monetary terms, ferroalloy exports for January–June fell by 70.2% to $18.220 million. The main export destinations were Poland (56.82% in monetary terms), Turkey (13.80%), and Romania (9.39%).

In addition, during the first six months of the year, Ukraine imported 13,097 thousand metric tons of these products—a 36.8% decrease compared to January–June 2025. In monetary terms, imports fell by 36.9% to $25.553 million. Imports came primarily from Kazakhstan (23.21%), India (13.61%), and France (11.52%).
As previously reported, the Pokrovsk Mining and Processing Plant (PGZK, formerly the Ordzhonikidze Mining and Processing Plant) and the Marganetsk Mining and Processing Plant (MGZK, both located in Dnipropetrovsk Oblast), which are part of the Privat Group, ceased the extraction and processing of raw manganese ore in late October–early November 2023, while the

NZF and ZZF plants halted ferroalloy smelting. In the summer of 2024, the ferroalloy plants resumed production at a minimal level.
Since January 19, 2026, due to problems with electricity supply and high electricity prices, NZF has been idle, while ZZF is operating at a minimal level.

In 2025, ferroalloy plants increased their exports of ferroalloys by 21.4% in volume terms compared to 2024—to 93,841 thousand metric tons—while revenue rose by 19% to $105.441 million. The main export destinations were Poland (28.69% of shipments in monetary terms), Turkey (21.62%), and Algeria (21.48%).
In 2025, Ukraine imported 38,434 thousand metric tons of this product—a 53.3% decrease compared to 2024. In monetary terms, imports fell by 47.5% to $73.839 million. Imports came primarily from Norway (16.11%), Kazakhstan (15.89%), and France (12.56%).

Prior to the nationalization of the financial institution, PrivatBank managed the operations of ZZF, NZF, the Stakhanov Ferroalloy Plant (located at NKT), and the Pokrovsk and Marganetsk Mining and Processing Plants. The Nikopol Ferroalloy Plant is controlled by the EastOne Group, formed in the fall of 2007 as a result of the restructuring of the Interpipe Group, as well as by the Privat Group.

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