Domestic prices for metal products fell by 4.8% in the first 7 months of 2019

According to the State Statistics Service, the Industrial Product Price Index (IPPI) increased by 8.1% on average in January to July compared to the same period of 2018: by 9.6% domestically and by 1.6% abroad.

In the iron & steel sector, the price index for iron ore mining increased by 14.5% on average: by 3.8% domestically and by 24.7% abroad. While the prices in the steel industry and production of finished steel products dropped by 4.8%: by 4.3% domestically and by 5.4% abroad.

As reported earlier, in 2018, IPPI grew by 17.3%, in the iron ore mining industry — by 14.6%, in the steel industry and production of finished metal products — by 16.7%.