Boston, MA -- (SBWIRE) -- 01/21/2015 -- After back-to-back years of contraction in both production and consumption in the metals sector in the Ukraine between 2012 and 2013, the sector turned a corner last year. Despite being rocked by the ongoing conflict with Russia and the subsequent political and economic uncertainty BMI estimates that the sector bounced back to post a 3.5% y-o-y gain in output and a 3.1% y-o-y increase in use. Going forward,, Ukraine's metals sector will see modest growth over our forecast period to the end of 2018, with a handful of new projects to increase production growth. Production will not return to pre-crisis highs, however, due to global overcapacity and steel prices not making substantive gains over 2013 - they have, however, since improved. There are no major expansions on the cards, and no major players in either the aluminium or steel industries have announced substantial investment plans.

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Figures recorded during the first eight months of 2014 have certainly been supportive of this view. Metals trader Ukrainian Mining and Metallurgical Company has published data that shows that Ukrainian exports of steel products grew by 2.3% y-o-y to 17.9mn tonnes in January-August 2014 (latest available data). Ukraine's exports of pig iron totalled 1.6mn tonnes in the reported period, up by 22% y-o-y during the same time period. The country's imports of steel products increased by 39.5% y-o-y to 883,000 tonnes in January-August 2014, while its import revenues generated by steel products fell by 44.8% y-o-y to USD877mn.

Despite the recent turnaround in fortunes, the metals sector in Ukraine has not had it all its own way; the ongoing conflict in the country has hit the industry hard too. Steel output in Ukraine decreased by more than 7% in H114 and exports to Russia have been impacted amid conflicts between the two countries, according to data released by the International Steel Statistics Bureau....

The Ukraine Metals Report has been researched at source, and features latest-available data for steel, aluminium and other major globally-traded commodities. Our analysis covers all primary indicators, including production, exports and price, with our forecasts underpinned by Business Monitor International (BMI)'s macroeconomists global economic outlook. The report analyses trends and prospects and critically evaluates latest industry news, trends and regulatory developments in Ukraine.

BMI's Ukraine Metals Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the metals industry in Ukraine.

Key Benefits

- Benchmark BMI's independent metals industry forecasts for Ukraine to test other views - a key input for successful budgeting and strategic business planning in the Ukraine metals market.

- Target business opportunities and risks in Ukraine through our reviews of latest industry trends, regulatory changes and major projects and investments.

- Exploit the latest competitive intelligence and company profiles on your competitors and peers.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering metals production and prices, plus analysis of landmark company developments and key changes in the regulatory environment.

SWOT Analysis

SWOT (Strengths, Weaknesses, Opportunities and Threats) analysis of the state's metals sector, business environment, politics and economics, which carefully evaluates the short- and medium-term issues facing the industry.

Global Metals Market Overview

Global demand, supply and price forecasts for steel and aluminium, as well as gold, copper and tin, drawing on both our industry expertise and our macroeconomic and financial market team's long-term global demand forecasts and shorter-term market views.

Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below) supported by explicit assumptions, plus analysis of key downside risks to the main forecast.

Production (`000 tonnes, US$bn), consumption (`000 tonnes, US$bn), exports (`000 tonnes, US$bn); prices (US$/tonne), and growth (%).

Macroeconomic Forecasts

BMI forecasts to end-2018 for headline country macroeconomic indicators, including real GDP growth (%), GDP per capita (US$), population (mn), industrial production index (% y-o-y average) and unemployment (% of labour force).

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