Kyiv, December 16 (Interfax-Ukraine) – Ukraine at the end of 2014 could cut currency income from exports of ferrous metal products – iron ore, cast iron, rolled steel and pipes – by13.6% compared to 2013, to $16.05 billion ($18.57 billion in 2013), and by 14.1% in 2015 compared to 2014, to 413.794 billion.

The forecast was presented by experts from Ukrpromzovnishekspertyza state enterprise - Director Volodymyr Vlasiuk, Chief Advisor Oleksandr Krainikov, Head of the Analytical Department Pavlo Perkonos, Analyst Dmytro Zheltiakov and Head of the Marketing Department Yuriy Dobrovolsky at a press conference at Interfax-Ukraine entitled "The Balance of the Market and Prices for Steel in 2015" on Monday.

According to expert data, the reduction of currency income was seen due to the decline in exports of metal products and the decrease of prices of metal products on the foreign markets this year. The trend will retain in 2015.

In 2014, it is projected that currency income from exports of iron ore will fall by 12.4%, to $3.251 billion ($3.713 billion in 2013), cast iron – by 9.7%, to $743 million ($823 million in 2013), rolled steel – by 11.7%, $10.965 billion ($12.416 billion in 2013), and pipes – by 32.6%, to $1.09 billion ($1.617 billion in 2013).

In 2015, it is expected that currency income from exports of iron ore will drop by 21.5% compared to 2014, to $2.552 billion, cast iron – by 18.6%, to $605 million, rolled steel – by 10.9%, to $9.77 billion and pipes – by 20.5%, to $867 million.

"The forecast should be taken into account by the government," Vlasiuk said.

Ukrpromzovnishekspertyza was set up in 1993. Its main lines of business are strategic marketing, conducting special information-analytical projects, developing business strategies, analyzing and evaluating business. The company does marketing research on the steel sector, and also markets for other goods and services.