Kiev (Platts)--26Dec2012/102 pm EST/1802 GMT

Ukrainian exports of ferronickel in the first 10 months of 2012 rose to 89,240 mt, nearly 59% above the 56,280 mt exported in the same period of 2011, the state statistics committee said Wednesday.

Revenue from exports of the commodity soared 86.7% to $268.3 million in the period, up from $143.7 million in January-October 2011, the committee said.

Over January-October Ukraine exported 39,930 mt of ferronickel to Germany, up from 20,280 mt a year ago and exports to the Netherlands rose to 33,230 mt from 29,430 mt.

Ukraine also exported 15,010 mt of ferronickel to South Korea, up from 6,150 mt a year ago.

In October alone Ukraine exported 11,030 mt of ferronickel, up from 5,830 mt a year ago and above the 8,120 mt exported in September.

Ukraine's exports of ferrotitanium in January-October rose to 2,020 mt, 3.1% above the 1,960 mt exported a year ago, the committee said.

At the same time, revenues from exports of ferrotitanium fell to $9.2 million from $9.4 million a year ago.

Ukraine's Pobuzhskiy Ferronickel Plant is the country's only producer of ferronickel and ferrotitanium and sells most of its output abroad.

--Alexander Bor, newsdesk@platts.com --Edited by Jeff Barber, jeff_barber@platts.com