Ann: Investor Presentation, page-13

The Ukrainian Ferroalloy Producers Association (UkrFA) notes that the average load of ferroalloys at the end of 2022 was 30%.

Serhii Kudriavtsev, the executive director of the UkrFA, announced this in an interview with GMK Center.

"The average occupancy of industry businesses at the end of 2022 was at 30% compared to 60-70% in April-May... Given the strong energy dependence and high specific gravity of the cost of electricity in the production of ferroalloys, the situation in the industry is extremely difficult. For example, since the end of October, the Pobuzhsky Ferronickel Plant (PFP) has been forced to stop production due to damage to associated energy facilities. In addition, this enterprise, which depends on imported raw materials, now cannot count on its stable flow due to port blocking," he said.

ukraine ferroalloy production at 30%