According to Metinvest Group of Companies, in 2015 Ukrainian rolled metal market would shrink by 15%.
“We believe rolled metal market to shrink a little in 2015 – by 15% YoY. 2014 started better than it ends”, says Dmitri Lippa, Metinvest service metal centers network CEO.
In 2014 rolled metal market decreased by 25-30% YoY.
Market shrinking is due to decrease in machine-building output, the major part of which went to Russia. Metinvest has also decreased its reinforcement bars supplies to local market due to military activity in the East of Ukraine, where the major part of this product was sold previously. (Ukrainian metal)