Sales of industrial products declined by 10.3% in Q1

Sales of pig iron, steel and ferroalloys decreased by 19.1% in 3 months

In Q1 2020, sales of industrial products shrank by 10.3% to ₴586.9 billion compared to the same period of 2019.

Of these, industrial products worth ₴159.3 billion or 27.1% were exported,

according to the State Statistics Service.

Sales by main types of products of the mining & metals sector in Q1 were as follows:

• metal ores — ₴37.3 billion (-5.6%), of which export sales made up ₴23.5 billion or 63%;
• pig iron, steel and ferroalloys — ₴63.1 billion (-19.1%), of which export sales made up ₴45.2 billion or 71.6%;
• pipes, hollow sections and steel fittings — ₴5.5 billion (-32.1%), of which export sales made up ₴3.4 billion or 62.8%;
• other products of steel preparation — ₴1.8 billion (-14.2%), of which export sales made up ₴0.4 billion or 22.5%;
• finished metal products, except for machinery and equipment — ₴85.7 billion (-19.1%), of which export sales made up ₴54.9 billion or 64.2%.

As reported earlier, in 2019, Ukrainian mining & metals companies cut steel production by 1.2% to 20.85 million tons. Production of pig iron fell by 2% to 20.6 million tons, and rolled products by 0.9% to 18.2 million tons against 2018.