Ukraine in December 2014 saw a 28.5% decline in steel output YoY, to 1.903 million tons, being the 11th in the rating compiled by the World Steel Association (Worldsteel) of the 65 main steel producing nations.
According to the World Steel Association, in December 2014 Ukraine went up to 11th position in the leading world steel manufacturers rating, leaving behind Italy that fell to the 13th place.
In 2014 Ukrainian metal companies produced 27.16 million tons of steel, down by 16.9% YoY.
State enterprise Ukrpormvneshexpertisa forecasts Ukrainian steel output in 2015 on the level of 27 million tons.
Metallurgprom association forecasts steel output on the level of 1.9 million tons in January.
In 2015 Ukrainian steel prices will continue falling due to manufacture cost price decrease and high competitions between manufacturers.
In November Ukraine produced 1824 thousand tons of steel, down by 5%, or by 97 thousand tons, MoM.
In 2014 Ukrainian metallurgical companies are expected to cut steel production by 16.8%, to 27.2 million tons, YoY, while in 2015 – by 0.7% compared to the forecast figures for this year, to 27 million tons.
