Concorde Capital analyst Dmitry Khoroshun believes that Ukrainian pig iron manufacturers could profit from the US steel duties.
“In 2017 Ukraine exported $406 million worth of pig iron (1.3 million tons) to US, and these deliveries are not affected by the new duties. Money-wise Ukraine exported 2 times more pig iron to US than steel being affected by the duty. In case American steel makers increase pig iron processing, Ukraine could even increase pig iron sales”, he said. (Ukrainian metal)