Ukraine: domestic steel market to grow in 2016
Metinvest-SMC, the Metinvest metal center network, believes rolled metal consumption in 2016 would increase by 2.6% YoY, to 3.35 million tons.
Metinvest-SMC, the Metinvest metal center network, believes rolled metal consumption in 2016 would increase by 2.6% YoY, to 3.35 million tons.
In January-September Ukrainian metal companies decreased their domestic sales by 21.7% YoY, to 1.96 million tons (13.1% of the total output) from 2.5 million tons (13.3%) in January-September 2014.
Russian embargo on Ukrainian products will mostly affect agriculture and metal sector.
In January-October Ukraine decreased its industrial output by 15.4% YoY.
In October industrial products price index totaled 97.6% as opposed to 102% in September. This is without the temporarily occupied territories of Crimea and the ATO zone.
In September Ukraine increased metal output by 3% YoY, according to the National bank recent report. The bank analysts have dubbed this “the breaking of falling tendency in metallurgy” and connected it to the ceasefire in the ATO zone.
Ukraine has unique natural conditions for the metallurgy development, so the industry will see a rise soon.
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.