If the port duties are brought in correspondence with the world practice, Metinvest will be able to increase output at its GOKs.
“We have addressed the Ministry of infrastructure and the Cabinet of Ministers on this issue. We hope that Ukrainian port duties will correspond to the world practice, thus enabling us to increase output, gain new markets and rise revenues”, said the group CEO Yuri Ryzhenkov.
According to him, Ukrainian port duties are the highest not only in the Black Sea, but in the world as well.
“Our companies become less competitive, than our Brazilian or Australian rivals. When the port duties are 2-3 times higher, it decreases our chances to compete on world markets, in China, Japan and Korea, for example”, he added. (Ukrainian metal)