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| Ferroalloy |
Ukraine Sees Strong Ferroalloy Export Growth Despite Industry Struggles
Ukraine’s ferroalloy industry experienced a sharp rebound in exports in Q1 2025, shipping 27.7 thousand tons—a 52.2% increase from the previous quarter. This recovery follows a prolonged industry shutdown from autumn 2023 to April-May 2024. The figures, based on GMK Center’s analysis of State Customs Service data, highlight Algeria (10.34 thousand tons), Poland (8.5 thousand tons), and Italy (3.93 thousand tons) as the largest importers.
March Sees Decline in Export Volume
Despite the quarterly surge, Ukraine’s ferroalloy exports dropped 21.5% month-over-month in March 2025 to 8.51 thousand tons. Algeria’s imports rose 44.3% to 3.91 thousand tons, while Poland’s purchases surged 3.7 times to 4.1 thousand tons. However, Italy did not import any ferroalloys in March.
Export revenue also increased significantly, reaching $29.54 million in Q1 2025 compared to $2.42 million in Q1 2024. However, March’s revenue declined 12.2% month-on-month to $9.76 million.
Long-Term Industry Challenges
The Ukrainian ferroalloy sector faced severe setbacks in 2024, with total production dropping 49.4% year-over-year to 108.2 thousand tons. Annual exports fell 77.5%, from 344.17 thousand tons in 2023 to 77.32 thousand tons. For comparison, exports reached 349.56 thousand tons in 2022 and 668.54 thousand tons in 2021.
According to Sergiy Kudryavtsev, Executive Director of the UkrFa Association, the biggest challenges in 2025 include high electricity costs and supply stability. The industry outlook remains uncertain, despite the recent export growth.
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