The Ministry of infrastructure plans to increase railroad transportation tariffs by 30% in 2016. This will lead to the further recession in Ukrainian economy.
In January-September Ukrainian metal companies decreased their domestic sales by 21.7% YoY, to 1.96 million tons (13.1% of the total output) from 2.5 million tons (13.3%) in January-September 2014.
Russian embargo on Ukrainian products will mostly affect agriculture and metal sector.
In January-October Ukraine decreased its industrial output by 15.4% YoY.
In October industrial products price index totaled 97.6% as opposed to 102% in September. This is without the temporarily occupied territories of Crimea and the ATO zone.
In September Ukraine increased metal output by 3% YoY, according to the National bank recent report. The bank analysts have dubbed this “the breaking of falling tendency in metallurgy” and connected it to the ceasefire in the ATO zone.
Ukraine has unique natural conditions for the metallurgy development, so the industry will see a rise soon.
In January-August the metal sector of Ukraine presumably decreased its losses by 11%, or by 1.8 billion UAH YoY, to 14.6 billion UAH, said Metallurgprom.
Due to the war in the East Ukraine lost half of its coal mining, while its metal industry fell by a quarter.
Revival of the Dniepropetrovsk region industry is underway. For the second month in a row local companies increase their output.
The quality of Ukrainian steel is low, while its prime cost is high.
In January-September Donetsk region (without the antiterrorist operation zone) decreased its industrial output by 41.1%. At the same time September results were 16.9% better YoY.
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.
The pretax losses of Ukrainian metal companies (negative financial results from ordinary activities before taxation) rose by 84.4%, to UAH 22.5 billion, from UAH 12.2 billion as of the end of 2014, according to preliminary data.
Euroasian Economic Commission has informed of the prolongation of the antidumping investigation of hot-rolled carbon and alloyed steel rods, produced in Ukraine and exported to the Customs Union.
Industrial prices in Ukraine after stability in December 2014 have started growing again, rising for the first month of the New Year by 2.3%.
In January-September Ukrainian metallurgical companies decreased capital investments into technical overhaul and modernization by 27.5%, or 783.2 billion UAH, to 3,695 billion UAH YoY. In 2013 companies mostly invested in construction of new objects and the already going reconstruction and modernization of existing capacities. Vital to the sector are the modernization of furnace manufacture and…
According to Dmitrii Lippa, CEO of “Metinvest-SMC”, in January-August Ukrainian rolled metal market capacity decreased by 5%, to 3.198 million tons, YoY.In particular, in the given period angle sales decreased by 19%, to 120,000 tons, as compared to the same period of 2012. Hot-rolled sheet and coil sales decreased by 11%, to 1.315 million tons,…