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Ukrainian steel makers may lose market in Turkey- 16 Nov 10

NRCU citing Mr Serhiy Bilenky Deputy Industrial Policy Minister as saying that Ukrainian metallurgical enterprises may face problems with the export of steel products after 2015 due to a gradual reduction in supplies to Turkey.
Mr Serhiy Bilenky said "We are currently supplying a significant part of steel products to Turkey. Turkey has been actively developing its production capacity and no later than in 2014 our exports to Turkey will fall almost to zero."
Mr Bilenky emphasized that the European market would be closed for the export of Ukrainian steel products.
He said "We recently had a meeting of the contact group on steel between Ukraine and the European Union. The Europeans clearly hinted that we would hardly sell our vacant volumes on the EU markets and they will apply the appropriate protective measures. He also noted that it is necessary to seek export opportunities in the Middle East.”

Nov 16, 2010 09:25
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