prices - Latest news GMK Center

Consequences of the aggression against Ukraine for the world gross product in 2022 will be at least -1% down growth, or $1 trillion

Iron ore rise in price by 1-3% weekly after rise by 16% at February 25 – March 4

Market awaits reduction of rolled steel delivery from Russia due to new sanctions package rollout

Exceptions are inspections of price rises, human life, and health checks, national safety

The highest increase last month was recorded in prices for channels and beams — 7.8% and 4.6% respectively

Hot-rolled sheet demonstrated the biggest fall — minus 13.1% to ₴33 thousand/ton

The scrap prices in the Ukrainian markets jumped by 9.1% to ₴9,600/ton over a week

Exports of the Ukrainian raw material have been reducing since 2018

At the end of the year, quotations of steel rolled products may fall by 30% of their current levels

In 2019, prices for industrial products dropped for the first time in the history of independent Ukraine

GMK Center estimates the cost of next year’s risks for the mining & metals sector at $1.9 billion

Iron ore quotations will continue to decline in 2020. China plays a decisive role again