One year set Ukraine 20 years back in time.
For the Ukrainian steel industry, 2014 was the worst in the last 15 years, worldsteel data shows.
Last year threw the country back to the mid-1990s, when Ukraine's crude steel production plummeted from more than 40 million metric tons/year to the 24.4 million mt/year average during 1994-1999 -- due to the vanished USSR market that Ukraine was a big supplier to, and the fact newly born states (former soviet republics) had yet to export.
Ukraine was submerged in instability throughout 2014.
The armed conflict in its eastern regions of Lugansk and Donetsk resulted in a 17% year-on-year drop in the country's crude steel production, which totaled 27.2 million mt, barely above annual totals during the mid-1990s.
Saleable steel output, at 23.8 million mt in 2014, also fell 18%, says national industry association Metallurgprom.
Source: Platts
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