Business news from Ukraine

Business news from Ukraine

Zaporizhzhya Ferroalloy Plant reduced output by 41 times

29 April , 2023  

In January-March this year, Zaporizhzhya Ferroalloy Plant (ZZF) reduced its output by 41.2 times compared to the same period last year, to 0.91 thousand tons from 37.53 thousand tons.
According to the Ukrainian Ferroalloy Producers Association (UkrFA), in the first three months of this year, ZZF reduced production of silicomanganese to 0.04 thousand tons from 13.89 thousand tons, ferrosilicon to 0.71 thousand tons from 12.56 to 19.72 thousand tons, and ferromanganese to 0.16 thousand tons from 9.70 thousand tons.
At the same time, the company did not produce metal manganese, while in 1Q2022 it produced 1.38 thousand tons.
ZZF is one of three Ukrainian producers of this product. The share of the domestic market in its supplies is 30-35%. The products are exported to the CIS, the European Union, Asia, and Africa.
Prior to nationalization, Privatbank organized the business of ZZF, NFP, Stakhanovsky (now on the NCT), Pokrovske (formerly Ordzhonikidze) and Marganetsky mining and processing plants.