The volume of new orders in the steel industry dropped by almost 10%

Conversely, the volume of orders for finished steel products is growing

According to the statistics provided by the State Statistics Service, in January to September, the volume of new orders for Ukrainian steel products amounted to ₴279,620,700, 9.5% down from the same period of 2018.

Foreign orders made ₴166,965,000 or 59.7% of the total volume of orders in the steel industry, down 11.8% on the first nine months of 2018. The share of foreign orders in the total volume also decreased, by 1.6%.

Conversely, the volume of orders for finished steel products is growing and now reached ₴28,951,000, 7.2% up from January — September 2018.

The volume of foreign orders increased by almost 2% to ₴8,001,800. Their share in the total volume, however, decreased by 4.1% to 23.9%.

As reported earlier, steelmaking companies expected an output growth in Q3 They highlighted the insufficient number of current orders though pinned hopes on a rise in the number of foreign ones.