KIEV, Nov. 7 – The unfavorable situation on the global market entailed a fall in the prices of some types of exported Ukrainian-made metal products by 11-15%, which resulted in the reduction of revenues to the state, Prime Minister Mykola Azarov said while opening a cabinet meeting on Wednesday.

"The deepening of the debt crisis in some European countries, the long-lasting political instability in the Middle East, and the slowdown in economic growth in the countries of Southeast Asia has considerably reduced demand for Ukrainian metal. The prices of some types of metal products are close to their cash cost. In October alone the prices of ferro-concrete reinforcement, rods, rolled steel and castings fell by 11-15%," the premier said.

He said that the similar situation was seen with iron ore and the products of the chemical sector.