Ukrainian steel imports in 8 months shrink by 64pct YoY

According to the data released by metal trading enterprise Ukrainian Mining and Metallurgical Company during January to August of 2009 Ukraine imports of steel products registered a decline of 63.3%YoY to 462,000 tonnes with its August imports decreasing by 13.5%MoM to 12,200 tonnes.

UGMK considers that the main factors causing the decline of imports to Ukraine remain the deterioration of the country economic and financial situation, the instability of the exchange rate with the US dollar and also the lack of political stability.(SteelOrbis)