Ukrzaliznytsia should not subsidize Ukrainian mining and processing works that mine iron ore, believes the company chief analyst Ivan Mokushenko.
“We support Ukrainian economy, but thus we subsidize either iron ore manufacturers, or other countries”, he said, adding that because of the low railroad tariffs Ukrainian iron ore companies became more competitive, as they had to pay less than foreign companies.
He estimated 70% of Ukrzaliznytsia iron ore freight turnover to be exported. (Ukrainian metal)
