Ukraine: metal prices to fall in 2016
Despite the free trade zone with EU, in 2016 demand for Ukrainian metal on world markets will continue to decrease.
Despite the free trade zone with EU, in 2016 demand for Ukrainian metal on world markets will continue to decrease.
In 2015 industrial product prices increased by 25.4%.
In January-November 2015 Dniepropetrovsk region sold 264 billion UAH of goods, with 61% owing to processing industry and 24% – to mining.
In December 2015 the Dneprodzerzhinsk city council adopted a new ecological program. But the ecology activists think it needs reworking.
In January-October Ukrainian metal companies EBIT reached minus 15.9 billion UAH, up by 11.2% YoY, or 1.6 billion UAH.
Chairman of the Metallurgists Federation of Ukraine Sergey Belenky said Ukrzaliznytsia shouldn’t increase the cost of its services under the recessing economy.
Management of the major Ukrainian mining and metal companies has addressed the government asking it to impose a moratorium on the railroad cargo transportation tariffs increase.
The Ministry of infrastructure plans to increase railroad transportation tariffs by 30% in 2016. This will lead to the further recession in Ukrainian economy.