In January-August the metal sector of Ukraine presumably decreased its losses by 11%, or by 1.8 billion UAH YoY, to 14.6 billion UAH, said Metallurgprom.
Ukraine earned 7.6 billion UAH as opposed to 5.9 billion in January-August 2014, but due to the losses of exchange rate, pre-taxation results were negative. The net income in the given period increased by 17%, or by 19.5 billion UAH YoY, to 133.9 billion UAH.
The main raw materials have considerably increased in price: iron ore – by 38%, pellets – by 17%, limestone – by 68%, and refractories – by 60-91%. Ferroalloys price increased by 69-120%, coke – by 100%, scrap – by 43%, natural gas – by 62%, electricity – by 37%. Sintering ore, concentrate and sinter prices have fallen by 8%, 2% and 1.5% correspondingly.
“At the same time export prices of Ukrainian metal products fell by an average 26% in dollars and rose by 48% in UAH”, said the company in its statement. (Ukrainian metal)