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Ferrexpo said its output went down in December 2014 due to limitations of electricity supplies to its companies. Spot sales of iron ore also fell. If things don’t change in Q1 2015, Ferrexpo will choose long-term contracts as its priority.
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 January-November 2014 Ukrainian companies exported 837.14 thousand tons of scrap for $265.44 million as opposed to 219.47 thousand tons for $68.42 million in 2013.
In November Ukraine exported $270.72 million worth of semi-finished steel products, with imports on the level of $5.49 million.
Experts forecast Ukrainian export volumes of scrap in 2015 on the level of 1.2 million tons.
In January-November 2014 Ukraine imported $1.61 billion worth of boghead and blind-coal.
In 2015 Ukrainian steel prices will continue falling due to manufacture cost price decrease and high competitions between manufacturers.
