reports that ferroalloys are the second among Georgia’s top ten
export commodities. In January-June 2022, the country exported
ferroalloys worth $295.6 million that is 15.7% of total exports.
January-June 2021, this export volumes amounted to $186.3 million
accounting for 13.5% of total exports.
General Director of Ferro
and Manganese Miners Association
Nugzar Kevlishvili talks
ferroalloys export from Georgia amid
a declining demand
in the global
well as prices.
ferroalloys production in Georgia does not depend on domestic prices
and the economic situation. Unfortunately, the global
ferroalloys market has been experiencing
negative trend in recent months. Due to the situation in Ukraine, no
one knows what the situation will be in this market, approach this
production in Europe decreased, demand for ferroalloys declined
led to a drop in prices,” he says.
main exporter of ferroalloys in the world, its
share is 40.05%. The
second is the Netherlands (7.09%) and
the third is
Japan (6.09%). Then follow the USA, South Korea, Germany, Indonesia,
India, Belgium and other countries. Russia and Ukraine account
of the global
market share while
share is even lower.
August 2022, ferroalloy sprice in Europe fell below $1,400 and
$1,300-$1,370 per ton. Since the beginning of the year, the decline
has reached 65%. Prices for ferroalloys have fallen sharply in China,
India and Japan, in the US one
ton costs $
the words of
the Russian invasion of Ukraine
uncertain situation on the ferroalloy market
“In the first quarter of 2022, record prices for
ferroalloys were recorded.
caused panic in the market-
March, one ton of ferroalloy cost $2,800,
and no one knows wh
they will stop falling
were periods when in July-August prices for raw materials declin
in September began to grow.
situation is not excluded to
Nugzar Kevlishvili believes.
Manganese is the largest producer
ferroalloys in Georgia, Rauseloys, GTM Group and Chiaturmanganum
Georgia LLC are also major silicomanganese
producers despite about twenty
small companies operating on the
The National Statistics Office
reports that ferroalloys from Georgia are exported to the
USA, Russia, Turkey, Iran, Brazil, Azerbaijan, Chile, Peru, Great
Britain, Spain, Colombia, Kazakhstan, France and Italy. The
USA, Russia and Turkey are the largest
markets for Georgian ferroalloys.
to Nugzar Kevlishvili, in the current situation, local production may
face a number of
in the US have also declined. The situation in Russia is also
difficult, due to sanctions, it
doesn’t export anything, including metallurgical products,
thus demand in Russia fell by 40-50%.
Georgian ferroalloys were sold to Turkey, but stagnation has
decreased metal production there. Everyone is waiting for
September, if the situation does not
improve, small businesses may have to temporarily
close down. Unlike small companies, large
companies will easier
go through this difficult period, as they are less sensitive
to price changes,” he points out.