the Minister of economic development, trade and agriculture of Ukraine Tymofiy mylovanov confirmed that there is evidence of a significant decline of industry, and especially in metallurgy. According to the Ministry, the decline of industry in October amounted to 5%, he wrote on his page on Facebook.
"What are the causes of recession? Ukrmetallurgprom writes about the problems with prices in foreign markets, the increase in costs due to tariff increases, especially at Ukrzaliznytsia, as well as the revaluation of the hryvnia. What to do with it? The revaluation of the hryvnia might continue due to the improving macroeconomic situation in Ukraine. Rates also will continue to grow. But infrastructure problems, especially with ULTRASOUND, can and should be solved. At the same time, the market engineering complains about the quality of metallurgical products. So here too, the possibility of modernization and development", - said T. Milovanov.
Previously reported that the metallurgical industry of Ukraine in January – November 2019 kept the volume of steel production at the level of last year. However, taking into calculation the sharp drop in the level of production in October – November, Ukrmetallurgprom predict that by the end of this year the country will be produced 20.5 million tons of steel, 20 million tons of iron and 18 million tons of finished steel.
"This is the worst indicator for the whole period of existence of independent Ukraine", - said the Association.
By prognoza the Ministry of economic development, trade and agriculture of Ukraine is made in mid-October of this year, it was expected that the Ukrainian steel producers to increase steel output by 4% compared to the 2018 year - to 21,927 million tons, will increase the output of total rolled by 3% to 18,842 million tonnes and will raise output of pig iron of 1% to 20,690 million tons.
