According to Ukrainian mining and steel producing group Metinvest, the Ukrainian rolled metal market will shrink by 15 percent year on year in 2015.
"We believe the rolled metal market will shrink a little in 2015, by 15 percent year on year. 2014 started better than it is concluding", said Dmitri Lippa, CEO of Metinvest service metal centers network. In 2014, the Ukrainian rolled metal market decreased by 25-30 percent year on year.
The shrinking of the market is due to the decrease in machine-building output, most of which went to Russia. Metinvest has also decreased its reinforcement bar supplies to the local market due to military activity in eastern Ukraine, where most of these products were sold previously.