KIEV, Sept. 12 – The major cause for the decline in Ukraine's industrial output in August was the 11.6% fall in metallurgical output, according to Concorde Capital investment company.

"During the period of record high rises in the price of steel, steelmakers increased output at their production facilities to the maximum, which made is possible for them to build up warehouse stocks,” said analyst Polina Khomenko. “Currently, producers have a chance to cut production in expectation of further price hikes and a seasonal increase in demand."