Kyiv, December 16 (PolitNavigator, Alexander Semenyuta) – At the end of 2014, Ukraine will receive less than $2,5 billion in foreign exchange earnings from the export of mining and metallurgical products due to the war in Donbass and the fall in world prices for raw materials and metal, predicts the State Enterprise “Ukrpromvneshekspertiza” . Writes about this Insider.
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“Steel production in 2014 will decrease from 32,7 million tons to 27,2 million tons. This is largely due to the complete shutdown of the Alchevsk Iron and Steel Works, the temporary shutdown of the Enakievo Iron and Steel Works and a decrease in production volumes at the frontline Mariupol plants - MMK im. Ilyich and Azovstal Iron and Steel Works, which have problems with the provision of raw materials, analysts of the State Enterprise Ukrpromvneshekspertiza predict. – Based on the results of the year, a decrease in metal supplies is recorded, both to the domestic market and for export.
One of the reasons for the decline in production in Ukraine is China, which has collapsed world prices. The reduction in domestic metal consumption in China forces local manufacturers to increase exports of products. And the country produces half of the world's steel.
Today, China competes with Ukrainian suppliers in traditional markets: the Middle East, Africa and Europe.