Nikopol Ferroalloy (NFER: SELL) cut its output 19.8% yoy for the period, to 692.6 ths mt. Zaporizhzhya Ferroalloy’s (ZFER: SELL) production fell 15.9% yoy, to 384.4 ths mt. In contrast, Stakhanov Ferroalloy (SFER: SELL) raised its production by 33.5% yoy, to 169.9 ths mt.