Konstantin Zhevago, the main owner of Poltava Mining and Processing Works, could lose his iron ore division – Vostok-Ruda.
In January Dneprovsky Iron and Steel Works named after Dzerzhinsky produced 151.9 thousand tons of steel.
Mariupol Ilyich Iron and Steel Works started producing galvanized rolled metal according to EN 10346, which is used in construction.
Ukrainian metal industry is losing currency due to the metal exports decrease.
Interpipe has changed its approach to supplying scrap to Interpipe Steel.
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.