World metal market situation will not improve in 2016. The decline of economic development in Europe as well as the increase of steel manufacture in China will not allow Ukrainian mining and metallurgical complex to overcome crisis in the near future.
Controlling 80% of the world metal market China creates unfavorable prices for Ukrainian metal makers.
According to Azovstal CEO Enver Tsikishvili, to keep its market positions the company improves its product quality, decreases losses and starts manufacturing new kinds of products.
“The market has changed greatly. The competition is extremely high now. European slab and square billet price has already fallen below its prime cost. Ukrainian metal makers would find it much easier to work, if the state would reimburse VAT in time. So far the best way to survive is to improve metal quality, decrease losses and start producing new goods. But the main task during the crisis is to keep all the employees. Despite the tremendous difficulties, we try not to dismiss our staff”, he explained. (Ukrainian metal)