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Synopsis: The world steel market over the period January 27 – February 3, 2011

East Asian markets took a two-week break to celebrate the Chinese New Year calendar. However, in other regions of the active metals plants remains high. Producers continue to raise prices to offset rising costs for raw materials.

Cost of Ukrainian steel grew by 40%, domestic demand fell by 45%

In 2010, the cost of steel production in Ukraine has increased in comparison with 2009 by 40% or $ 137 / t. This is stated in the materials of the SE “Ukrpromvneshekspertiza.”