According to the data released by Ukrainian association of metal producers Metallurgprom, Ukraine at the end of 2014 may see its currency income from steel exports and other exports of ferrous metal products (iron ore, pig iron, rolled steel and pipes) fall by 13.6% YoY to USD 16.05 billion.
The reduction of currency income was seen due to the decline in products steel exports and the decrease in prices of steel products exports in the foreign markets this year. The trend is expected to continue in 2015.
In 2014, it is projected that Ukraine’s currency income from exports of iron ore will fall by 12.4% to USD 3.251 billion, with income from pig iron exports to decrease by 9.7% to USD 743 million, income from rolled steel exports to decline by 11.7% to USD 10.965 billion, and income from steel pipe exports to decline by 32.6% to USD 1.09 billion, all YoY basis.
In 2015, it is expected that currency income from exports will drop by 21.5% to USD 2.552 billion for iron ore, will fall by 18.6% to USD 605 million for pig iron, will decline by 10.9% to USD 9.77 billion for rolled steel, and will move down by 20.5% to USD 867 million for steel pipes, all compared to 2014.
Source: www.steelguru.com
