Poltava Mining and Processing Works, a part of Ferrexpo, believes the increase of the railroad transportation tariffs will be fatal to the industry.
“We have addressed Ukrzaliznytsia. We believe they have to make an inner purification. If they change their structure and eliminate some of their expenses, they can find money for investments into their equipment, safety, etc.”, said the company commercial chairman Dmitry Spatar.
He also mentioned VAT reimbursement as one of the problems in the industry, but was unable to name the amount owed by the state to the company. (Ukrainian metal)
