trends

Horst Wiesinger: “Quality! That is my advice for Ukrainian steelmakers”

Horst Wiesinger Consulting president talked about future of European and Ukrainian steel industry

The misfortune came: the impact of the coronavirus on the steel industry

Steelmakers expect a drop in demand by over 50% in the next two quarters

Industrial production in January dropped by 5.1%

Production of steel and steel products declined by 10.3%, while mining of metal ores by 1.5%

The recession and revaluation inflicted losses on steelmakers

The mining & metals sector of Ukraine will be loss-making in 2019 in terms of key indicators

Price review of the market of raw materials in the steel industry

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

Ukraine’s economy grew by 4.2% in Q3

GDP grew by 0.7% compared to Q2 2019

The global scrap market may shrink this year

The margin of electric arc steelmaking companies is at the minimum.

Back on full form: Ukraine’s casting industry is recovering

Ukrainian foundries are expected to achieve the output of 1.5–1.8 million tons per year by 2025

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