Mr. Nikolai Azarov, Prime Minister of Ukraine, said that Ukraine would seek to stimulate domestic demand for its steel, mostly in housing and infrastructure projects, as weaker external demand had been affecting many of its companies.
The government provided massive tax breaks to steelmakers between late 2008 and through the end of 2009 after steel exports had collapsed late 2008 due to economic slowdown caused by international credit crunch. (Ukrainian Journal)