Ukrainian steel: Vulnerable overseas, weak at home

The Ukraine's remarkable recovery in steel output since the collapse of 1991 and domestic steel industry growth is discussed. The output of the steel industry after collapse is mainly export oriented as seventy percent of total production is exported but the domestic market unable to maintain the same trend. Radical market and structural reforms are initiated by Ukrainian government with fast large scale privatisation and improvement in business climate of the country. The Ukrainian steel industry has recorded a 12 percent growth in 1996 and 8 percent growth in 1997. The Ukranian steel companies sell annually abroad around US $ 6-7 billion of crude steel.