However, the 3.7% increase in the price of Chinese ferrosilicon recorded in September turned out to be a temporary adjustment at this stage and not a change in the price trend.

"The current year has turned out to be difficult for both raw materials - the European price has decreased by 32.4% since the beginning of the year, and the Chinese one - by 18.9%. Reduced international prices were reflected in the export of Georgian ferroalloys with an annual 68.0%-decrease," the review states.

In 10 months, ferroalloys worth $143.2 million were exported from Georgia.