According to the Ilyichevsk trade seaport, as of July 11 there were 4 vessels under loading/unloading at its quays. Terminal 1 saw unloading of slabs for further loading onto vessels. This is the new cargo. The port also stocks sheet, rolls and wire rod. In July-August it plans to process 26.26 thousand tons of Metinvest-Shipping…
In January-May Ukraine sold 660.8 billion UAH worth of industrial products (588.2 billion UAH in January-May 2015), including 177.2 billion UAH exported (174.5 billion UAH). According to the State Statistics Committee, metal and metal wares accounted for 17% of the total volume, while mining products totaled 12.1%. In May mining sales went up by 15.7%…
In 2016 metal consumption in Ukraine will grow by 2.6% YoY, or by 3358 million tons, according to Metinvest-SMC. “We believe the rise will continue next year as well. At least all the companies involved should demonstrate better results”, said the company CEO Dmitry Lippa. He also noted the increase in the mining industry by…
In May industrial prices increased by 5.3% MoM and by 13.9% YoY in January-May.
According to the State Statistics Service, mining prices went up by 19.7 MoM, processing – by 4%, including by 13.4% in metal. Coke prices in May increased by 1.6% MoM. (Ukrainian metal)
The volume of products sold by the Zaporozhye region in January-March reached 31.2 billion UAH, or 7.9% of the total volume in Ukraine (4th place among the regions). The regional companies produced 37.4% of steel, 15.5% of pig iron and 28.4% of rolled metal in the country. Metal manufacture saw a 2.7% increase YoY. (Ukrainian…
Heads of Ukrainian metal companies have addressed the Prime-Minister Vladimir Groisman, asking him to arrange a meeting to discuss the problems in the industry and develop the program of stabilization.
In January-February Ukrainian metal companies decreased their pre-tax losses 3.2 times YoY, to 9.9 billion UAH (from 31.7 billion UAH).
Odessa city head deputies met with the representatives of the China Metal Construction-Engineering Corporation.
Ukraine has to impose mirror duties on Russian rolled metal, says Zaporizhstal CEO Rostislav Shurma.
The stop of the railroad connection with companies working on the temporarily occupied territory of Donetsk and Lugansk regions will worsen the economical situation in Ukraine.
Metal industry is the worst borrower for banks: past-due debts on loans reach 39.5%, with foreign currency loans amounting to 91.6%.
“In my opinion, the Ministry of infrastructure announced railroad transportation tariffs rise will not greatly affect mining companies”, said the Ukrpromvneshexpertisa analyst Dmitry Zheltyakov.
The future of the steel construction depends on the state policy in attracting investments and on the Ukrainian metal construction sales on new markets.
In January Ukraine produced 1920 thousand tons of pig iron, 1938 thousand tons of steel and 1689 thousand tons of rolled metal, up by 112% and 103% and down by 98% YoY respectively.
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.
In 2015 Ukrainian metal makers increased their losses by 31.6% YoY, or by 7.5 billion UAH, to 31.2 billion UAH.
The mining-metallurgical complex, even despite the crisis, is one of the key engines of Ukrainian economy with 15 billion UAH of taxes and around 1 million employees.
Ukraine’s metal industry is among priorities for the authorities, but as for now it’s ineffective and not completely competitive.
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.