What are the main problems currently faced by Ukrainian...

What are the main problems currently faced by Ukrainian ferroalloy producers?

— The main problem is the high electricity price. The share of electricity expenses in the cost of different types of ferroalloys varies, but could reach up to 40%. The cancellation of the differentiated electricity tariff (night tariff) from 1 January worsened the situation. Earlier, ferroalloy producers could operate according to a flexible schedule — at night, for example. Today, ferroalloy plants (Nikopol Ferroalloy Plant, Zaporizhzhia Ferroalloy Plant) as large electricity consumers will no longer perform the functions of equalizing the daily power grid consumption. This jeopardizes the performance of the entire power system of Ukraine.
Also, the new model of the energy market still provides for cross-subsidization of electricity purchase by households due to high prices for the industry.
The cost of ferroalloy production increased as a result of the abolition of the night tariff. Electricity prices of our competitors in Malaysia, India, Brazil, and South Africa are lower than in Ukraine. Their cost of production of ferroalloys is lower as well that makes their products more competitive in price in the Ukrainian market.
Malaysian producers are active in the European and Turkish markets. This may result in a decrease in the volume of Ukrainian supplies. We still hold quality positions due to the large output and high content of manganese in the products.

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