Ukraine: mining works in difficult situation
Ukrainian mining and processing works are in difficult situation, said the Metinvest Group CEO Yuri Ryzhenkov.
Ukrainian mining and processing works are in difficult situation, said the Metinvest Group CEO Yuri Ryzhenkov.
Sumy Machine-building scientific-production association has concluded a contract with Ukrtransgaz for the supply of a large batch of valves.
Ukrainian metal situation will be difficult until the ineffective capacities in China close down.
The experts don’t expect a noticeable increase in Ukrainian metal output or export this year.
In January-June Ukrainian metal companies received 12 billion UAH of losses, down by 5.5% YoY.
In January-May Ukrainian metal companies decreased their pre-tax loss by 14.1%, to 11 billion UAH from 12.8 billion UAH in 2014.
According to the Ukrainian Federation of Metallurgists, the state owes 7 billion UAH of unpaid VAT to the mining-metallurgical complex of Ukraine.
The majority of mining and metal companies in Ukraine have been on the verge of bankruptcy since 2014, which they managed to avoid only thanks to the devaluation of the national currency and the improved competitiveness of Ukrainian products on foreign markets, Metinvest CEO Yuriy Ryzhenkov said.