Ukraine is on the brink of all the metal companies halt, after that currency revenues will fall, while unemployment will increase. This is stated in the letter to Prime Minister Arseny Yatsenyuk, signed by directors of the 12 major metal and mining companies.
The Ministry of energy and coal industry has made a decree “On the market of coal products” targeting the rules of trade on the coal market within the stages of power sphere privatization and creating the clear market of coal.
In 2015 Ukraine decreased coal imports from Russia by 69%, while increasing them from the South African Republic by 139%.
In 2015 ferrous scrap procurement in Ukraine fell to 4.3 million tons, down by 1 million tons, or by 19% YoY.
Verkhovnaya Rada will review the decree of changes into some Ukrainian laws as to the decrease of ferrous scrap deficiency on the local market in order to meet defense industry demands and restore infrastructure.
In 2015 Ukraine exported 3.1 million tons of rolled metal, down by 15.3% YoY, and earned $6.4 billion, down by 39% YoY.
In 2015 Ukrainian metal makers increased their losses by 31.6% YoY, or by 7.5 billion UAH, to 31.2 billion UAH.
Resuming electricity exports will help both state and private coal companies to work steadily and keep their employees.
In January the Ministry of energy and coal industry received 50 million UAH to clear salary debts to miners. This month it plans to get 180 million UAH more.
Ukraine has received a grant from the government of Great Britain for the social support of the miners and the population of the mining regions, where coal companies will be closed.
DTEK modernizes the Pavlogradskaya central processing factory – one of the largest coal-processing enterprises of Ukraine.