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Ukraine plans to increase metal exports in 2014

Posted by the Editor on February 6, 2014

News / 6 February 2014 | 15:08

Ukraine plans to increase metal exports in 2014

Ukraine plans to increase metal exports in 2014

According to the Ministry of Economic Development and Trade of Ukraine, Ukrainian metal producers have every reason to increase exports on the markets of their strategic partners in 2014, the Information-Analytical Bulletin of the Cabinet of Ministers of Ukraine informs.
“According to the analysis of foreign metal roll markets performed by SE Ukrpromvneshekspertiza, the economic situation in developed countries (the U.S. and the European Union) will moderately improve in 2014, which will result in an increase in steel consumption by 3.1% (up 50 million tons) compared with 2013,” Anatoly Maksyuta, First Deputy Minister of Economic Development and Trade, declared. 
Among the main reasons that may positively affect exports of metal products by Ukraine, experts call a recovery of demand on the  Middle East and EU markets, who have been partners of Ukraine in the industry and active consumers of Ukrainian metal.
During the first quarter of 2014, according to analytical forecasts, the main factor that drives metal sales on the world market, will be a high demand for metal in spring related to the general acceleration of global economic growth, which would entail a slight increase of global consumption of steel.



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