Ukrainian producers have increased exports of steel products by 7.5% over the four months of 2019.
A decline was reported in the steel market in the first and second quarters of 2019. Prices dropped by 10–15%. Notably, Ukrainian producers managed to increase exports of steel products by 7.5%.
Only Egypt, China, and the United States of the top 20 countries show a better dynamic than Ukraine. While China’s exports grow because of powerful programs for stimulating the domestic market, and exports of the United States and Egypt because of protectionism, Ukraine’s exports rise because of the successful competition in international markets.
Yet, this growth is mainly due to exports of semi-finished products. This is because of the trade barriers, increasingly applied to the steel industry.