It is reported that in 2010 Ukraine is expected to increase the output of its main steel products by 7% YoY to 8% YoY, considering the data issued by the Ukrainian association of metal producers Metallurgprom based on the country’s steel output results for the first month of the year.
Considering the production dynamics in January this year, it may be estimated that the production of finished steel products will increase by 7% YoY to 28.654 million tons, the output of crude steel will rise by 8% YoY to 32.102 million tons while pig iron production will go up by 7% YoY to 27.527 million tons all compared to 2009.
The country output of iron ore is expected to increase by 18% YoY to 77.288 million tons while iron ore concentrate production is expected to rise by 16% YoY to 63.43 million tons. It is also noted that the forecasted growth could be higher, as the production rates may increase due to improved supply of raw materials as well as due to higher demand for steel products. (SteelOrbis)