Prices for mining & metals products are falling, while prices for industrial products in general are rising

In the first ten months of the current year, only iron ore prices grew, and only due to the rise of the global prices. In October, the global prices fell too

According to the State Statistics Service, in January–October 2019, prices for steel and finished metal products fell by 7.2% compared to the same period of 2018.

For comparison: prices for Ukrainian industrial products grew by 6.2%.

In the ten months, prices in the mining & metals sector grew only in the metal ore mining segment — by 14.4%. This was the result of the growth in the global prices for ore that was recorded in the middle of the year. In early autumn, however, the prices stopped growing, and in mid-October 2019 dropped by 7.2% year on year.

Steady decline is recorded in other segments of the mining & metals sector. That’s why in October, prices for steel and finished metal products fell by 16% compared to October 2018.

Prices for coke and petroleum products fell by 1.3% in the first ten months of the current year and by 15.4% compared to the same month of the previous year.