The mining and metal complex is increasingly more dependent on export possibilities than other spheres of Ukrainian economy – on foreign markets Ukraine used to sell around 60% of its mining products and 80% of metal.

70% of metal products were exported via seaports, Alexander Kalenkov, president of the Ukrmetallurgprom Association, said.

Under the current price conditions on global markets Ukraine receives a shortage of $630 million in export revenue each month being unable to export metal products via seaports. Over a year this amounts to $8 billion. This sum would help strengthen hryvnia and slow down price growth.

The unblocking of ports for Ukrainian metal will allow resuming loading both metal enterprises and adjacent spheres, which will significantly increase tax payments to the budget. (Ukrainian metal)

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