In November the average daily iron ore raw materials output totaled 124.3 thousand tons, up by 1.3 thousand tons MoM.
In January-November Ukraine produced 66.45 million tons of raw materials, down by 4.7 million tons YoY.
“In November Ukrainian iron ore raw materials manufacturers showed negative dynamics. The highest drops in output were registered at Severniy GOK (by 57 thousand tons of pellets), Krivoy Rog Iron Ore Industrial Complex (by 49 thousand tons of sinter ore) and UGOK (by 48 thousand tons of raw materials). At the same time ArcelorMittal Kriviy Rih, Sukhaya Balka and CGOK demonstrated an output increase”, Ukrpromvneshexpertisa analyst Dmitry Zheltyakov said.
Iron ore raw materials exports increased by 288.45 thousand tons mostly thanks to AMKR, Alchevsk Iron and Steel Works and the Yenakievo Iron and Steel Works, with AMKR and Alchevsk significantly increasing pig iron output.
“In 2016 Ukraine’s main competitors on Chinese market were Australia and Brazil. They annually increase iron ore output and exports. The situation is worsened by the fact that Ukrainian manufacturers cannot find an alternative for the products that have been driven from the Chinese market”, Zheltyakov added.
In January-November Ukraine’s exports dropped by 5733 thousand tons YoY. Exports to China decreased by 652.4 thousand tons, to Poland by 615 thousand tons, and to Turkey – by 553 thousand tons. On the other hand exports to Japan went up by 501 thousand tons, to Serbia – by 541 thousand tons, and to Korea – by 429 thousand tons.
Because of the unfavorable situation on the world market Ukrainian manufacturers have to partially switch to local steel producers. (Ukrainian metal)
