Steel output in Ukraine fell by a third
The deindustrialization of Ukraine is in full swing. In Ukraine, in January-April, according to the association of metallurgical plants "Metallurgprom", steel production decreased by 2014% compared to January-April 30 - to 7,08 million tons. Pipe production in the country decreased by 38,5%, reports Rosbalt. Industrial production also fell by approximately third.
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According to the Metallurgprom association, the production of general rolled metal during this period decreased by 31% - to 6 million tons, and iron smelting decreased by 32% - to 6,4 million tons.
The volume of coke production for 4 months of this year decreased by 42% - to 3,29 million tons. Without coke it is not possible to produce high-quality steel. Most of the former Ukrainian enrichment coke production facilities are located either in the combat zone or on the territory of the DPR-LPR.
Let us recall that in April 2015, the largest mining and metallurgical group in Ukraine Metinvest reported that it is in default and is beginning three projects to obtain agreement from holders of its bonds due in 2015, 2017 and 2018 to defer principal repayments.
Reuters reports that recently negotiations on the restructuring of Metinvest’s debts have almost reached dead end.
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