Tag: Ukraine’s ferro alloy production plunges 49% in 2024 amid energy crisis

Capacity utilisation drops amid high energy costs SiMn output down 45%, exports plummet by 77.5% GMK: Ukraine’s ferro alloys industry faced a severe downturn in 2024, with production falling by 49.4% y-o-y to just 108,150 t. This dramatic drop was mainly driven by extended downtimes at key producers, particularly in the first half of the…