Ukraine in 2014 is expected to reduce foreign exchange earnings from export of products of ferrous metallurgy – iron ore, pig iron, rolled products and pipes by 13.6% compared with 2013 year – up to $16,050 billion (in 2013, $18,570 billion), in 2015 – by 14.1% compared to 2014 year – up to $13,794 billion.
This forecast was announced by experts of GP enterprise (UPE) – Director Volodymyr Vlasiuk, chief Advisor Oleksandr Krainikov, head of Analytics Department Pavlo Perkonos, analyst Dmitry Zheltyakov and head of the marketing Department Yuriy Dobrovolsky at a press conference the market Balance and steel prices in 2015, the Agency Interfax-Ukraine on Monday.
According to expert data, the reduction of foreign exchange earnings was due to decline in exports of steel products and falling prices in foreign markets for the products of MMC in the current year. This trend is expected to continue in 2015.
At the same time in 2014 is projected to decline in foreign exchange earnings from exports of iron ore raw materials (IORM) 12.4%, to $3,251 billion (in 2013 was$3,713 billion), iron – by 9.7%, to $743 million ($823 million), rolled products – by 11.7%, to $10,965 billion ($12,416 billion) and pipes – by 32.6%, to $1,090 billion ($1,617 billion).
In 2015, the expected reduction of foreign exchange earnings from export of iron ore by 21.5% compared with the forecast figures of 2014 to $2,552 billion, pig iron – by 18.6%, to $605 million, rolled products – by 10.9%, to $9,770 billion and pipes – by 20.5%, to $867 million
These projections should take account of the government, said Vladimir Vlasyuk.
GP enterprise founded in 1993 and is a leading company of Ukraine to study Ukrainian and international markets, preparation of solutions business development, research industries and industrial policy. Main activities – advising on business development, marketing researches, drawing up business plans, feasibility studies and investment memorandums, conduct opportunistic - price research, etc.