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[Ferro-Alloys.com]Ukraine's exports of ferroalloy in January fell by 40.1% year-on-year to 50,750 mt the state statistics service reported Tuesday.
At the same time, revenues from exports of ferroalloy dropped by 68.9% to $43.7 million from $140.6 million a year earlier, the statistics service said.
In January Ukraine exported 15,500 mt of ferroalloy to Turkey, 5,980 mt to Italy, 2,660 mt to Poland, 2,580 mt to Russia, 2,540 mt to the Netherlands, 2,520 mt to Romania 2,310 mt to Finland and 1,990 mt to the US.
Ukraine exported 29,510 mt of silicomanganese in January, down from 67,980 mt in January 2015.
Exports of ferrosilicon fell to 3,150 mt from 5,810 mt, but exports of ferromanganese, including metallic manganese, increased to 11,410 mt from 5,830 mt.
Exports of ferronickel rose to 6,480 mt in January, up from 4,970 mt a year earlier, and exports of ferrotitanium increased to 200 mt from 160 mt.
In 2015, Ukraine exported 811,850 mt of ferroalloy, down 16.9% form 977,530 mt exported in 2014.
Ukraine, one of the world's largest producers of ferroalloy's, output and exports of ferroalloy fell due to an armed conflict between government forces and pro-Russian separatists in the Donetsk and Lugansk regions in the East since June 2014.
The conflict has also contributed to a steep economic contraction and sweeping restrictions of trade with Russia, once a major destination to Ukraine's exports.
Ukraine's third-largest ferroalloy maker Stakhanov Ferroalloy Plant, which is in the Lugansk region, has been idle since July 2014 due to the conflict. The plant is capable of producing 200,000 mt/year of ferroalloy.
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- [Editor:Sophie]
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