In 2017 Ukraine exported 1.3 million tons of pig iron and 200 thousand tons of rolled metal to US.
“Rolled metal accounted just for 1.3% of all Ukrainian metal exports. On the other hand, this is a perspective market, and our exports could have grown. So this is a bad news for us”, Ukrmetallurgprom president Alexander Kalenkov said.
The main disadvantage is not only the closure of the American market, but also how other markets will react to that.
“I believe the damage will amount to over $100 million per year. Metinvest and Interpipe will suffer the most”, he added. (Ukrainian metal)