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.
Due to the war in the East Ukraine lost half of its coal mining, while its metal industry fell by a quarter.
Revival of the Dniepropetrovsk region industry is underway. For the second month in a row local companies increase their output.
The quality of Ukrainian steel is low, while its prime cost is high.
In September Ukrainian metal companies consumed 154 million cubic meters of gas, up by 1.3%, or by 2 million cubic meters MoM.
Ukrainian mining and processing works are in difficult situation, said the Metinvest Group CEO Yuri Ryzhenkov.