The Ukrainian steel industry is in free fall " due to the lack of export to the Russian Federation, informs German magazine, stressing that the Kyiv government until now has done nothing to counter this.
"Due to corruption, mismanagement and war Ukraine is bankrupt, being one of the richest natural resources of countries in the world," writes the resource.- Metallurgy is " in free fall ", which only accelerated due to the decrease in world prices for raw materials ".
Ukraine has the largest reserves of iron ore, which are mainly concentrated in the Central part of the country, in the area of Krivoy Rog iron ore basin (Kryvbas), comments DWN.
In 2013, the Ukrainian steel industry by the number of manufactured products took tenth place in the world, but in 2014 it was done the 1st shot, and, as underlined by the German media, "second shot" already on the way.
The main problems faced by the metallurgy of the country, connected, firstly, to the fact that two of the 4 centres of this industry industry of Ukraine are in the area of conflict with the militia, and secondly, with limited exports to the Russian Federation, which was the most important by the consumer.
Russia tried to reduce supply even before the fall of the Ukraine, however, once in February last year, was ousted Viktor Yanukovych, the export to the Russian Federation fell really emphasizes the media. It played not the last role that Ukraine has now recorded a record lack of balance, adds DWN.