KIEV, April 17 – The majority of mining and metal companies in Ukraine have since 2014 been on the verge of bankruptcy, which they managed to avoid only thanks to the devaluation of the national currency and the improved competitiveness of Ukrainian products on foreign markets, Metinvest CEO Yuriy Ryzhenkov said.
He said that last year was the most difficult year for the Ukrainian steel market. Exports of rolled steel (without pipes) from Ukraine fell by 13%, to 20.3 million tons. The rolled steel domestic market narrowed by 22%, to 5.6 million tons, and this year it will reach the worst level since Ukraine's independence, which is linked to the downward pace of the key sectors that consume metal products.
|