Business news from Ukraine

Nikopol Ferroalloy Plant more than halved production

29 April , 2023  

The Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk Region) in January-March this year reduced its output 2.2 times as compared to the same period last year, to 69.09 thousand tons.
As reported to Interfax-Ukraine agency in the Ukrainian Association of Ferroalloys Producers (UkrFA), in the first quarter of this year, NFP reduced production of silico-manganese in 2.1 times – to 69.08 thousand tons, ferromanganese – to 0.01 thousand tons from 4.97 thousand tons, 84.3% – to 0.01 thousand tons. The company did not produce any other ferroalloys, while in January-March 2022 it produced 0.48 thousand tons.
The average monthly output of ferroalloys with the company stable operations is about 55-60 thnd mt.
NFP is Ukraine’s largest silico- and ferromanganese producer. It uses imported and domestic raw materials for producing ferroalloys.
The NFP is controlled by EastOne group, which was created in autumn 2007 as a result of Interpipe group restructuring, as well as Privat group (both from Dnipro).