Ukraine increases steel production 1% yoy in 9M13
2 October 2013
Ukraine increased marginally its crude steel production in 9M13 to 24.87 mmt of (+1.0% yoy), while finished products output remained flat yoy at 21.9 mmt, the Interfax-Ukraine news agency reported on October 1. Monthly steel output fell 3.0% m/m in September to 2.69 mmt.
Roman Topolyuk: Some stable, or even growing, steel sector output was outweighed by 8-12% lower yoy average market prices in 9M13, thus reducing Ukraine’s export revenue from steel products, as well as the margins of steel makers. We expect pricing level and production volumes to remain basically flat in October-November, with a possible upturn in in December.
