Business news from Ukraine

NIKOPOL FERROALLOY PLANT CUTS PRODUCTION BY 4% IN JAN

24 February , 2021  

Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) in January of this year reduced production by 3.9% compared to the same period last year, to 40,270 tonnes.
As the Ukrainian Association of Producers of Ferroalloys and Other Electrometallurgy Products told Interfax-Ukraine, in January 2021, the plant increased the production of silicon manganese by 0.3%, to 37,830 tonnes, but reduced ferromanganese and other ferroalloys by 42.2%, to 2,440 tonnes.
In December, the plant produced 36,230 tonnes of ferroalloys, in November – 35,180 tonnes, in October – 35,480 tonnes, in September – 35,200 tonnes, in August – 35,340 tonnes, and in July – 52,430 tonnes.
Earlier, during conference calls, Director General of Nikopol Ferroalloy Plant Volodymyr Kutsyn announced an increase in demand for ferroalloys, so the planned target for February was increased.
At a meeting held on February 16, it was noted that the plant was fulfilling the planned target for February in the amount of 48,000 tonnes. Heating of three more ovens also continues.
“Heating is proceeding according to the schedule: furnaces No. 7 and 16 are heated up by 60%, furnace No. 8 – by 40%,” the Electrometallurg newsapaper said, citing the head of the production and technical department.
As reported, Nikopol Ferroalloy Plant in 2020 reduced production by 29.1% compared to the previous year, to 513,320 tonnes.

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