BELARUS NEWS AND ANALYSIS

DATE:

06/07/2007

Belarussian metals market expected to grow at least 10% annually

MINSK. July 6 (Interfax) - The Belarussian metals market will grow by at least 10% per year, the head of the Belarussian office of Ukraine's Donetsk Steel Plant, Sergei Lukomsky told Interfax.

"The metals market in Belarus will grow along with the country's GDP. Considering the development of the industrial sector and rapid growth of construction, the growth will be at least 10% per year and maybe more," he said.

Metal prices on the Belarussian market will continue to climb in 2007, he said.

"Prices will increase for all metallurgical products. In 2006, prices rose by an average of 25% compared to 2005, and this year they are expected to increase by another 5%," Lukomsky said, adding that prices have stopped climbing for the time being.

"While before prices rose by 2-3% per month, now the situation has stabilized, but this is a seasonal fluctuation," he said.

Source:

http://www.interfax.com/3/290647/news.aspx

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