According to the Ukrainian association of metal producers Metallurgprom, Ukrainian steel producers are likely to see their annual production costs increased by UAH 3.4 billion due to higher natural gas prices and growth in iron ore and coke prices.
Currently the natural gas price at the border with Russia is $268/1,000 cubic meters while as of April 1 it will increase to $300-308/1,000 cubic meters.
Metallurgprom said “Only for gas the costs will increase to UAH 2.5 billion. In addition, this year the Ukrainian steel producers are likely to see an annual increase of UAH 900 million in iron ore mining and processing”. (Interfax-Ukraine)