According to data published by the Ukrainian Association of Steel Producers Metallurgprom, Ukraine at the end of 2014 is witnessing a drop in foreign exchange earnings from the export of ferrous metallurgy products, including iron ore, cast iron, rolled steel and pipes. Revenue is expected to decline 13.6 percent YoY to $ 16.05 billion.
The decrease in foreign exchange earnings is explained by a decrease in exports of metal products and a decrease in prices on foreign markets this year. The trend is expected to continue in 2015. During 2014, Ukraine's foreign exchange earnings from iron ore exports are projected to fall 12.4 percent to US $ 3,251 million, while pig iron export earnings are projected to decline 9.7 percent to US $ 743 million. will decrease by 11.7 percent to $ 10.965 billion, all on an annualized basis. Compared to the previous year, steel pipe export revenue decreased 32.6 percent to $ 1.09 billion.
In addition, in 2015, foreign exchange earnings from iron ore exports are expected to fall another 21.5 percent to US $ 2,552 million, and from pig iron exports by 18.6 percent to US $ 605 million, all compared to 2014. Compared to 2014, income from rolled steel exports will also decrease by 10.9 percent to US $ 9.770 million, and revenue from export of steel pipes will fall by 20.5 percent to US $ 867 million
Ukraine faces declining steel export earnings in 2014
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Azovpromstal® 26 December 2014 г. 12:02 |
