Ukrpromvneshekspertyza director Volodymyr Vlasiuk said that EU countries’ share of exports of Ukrainian metal products was 28%, while the share of the CIS states was 16%, 70% of this going to the Russian market.Mr. Vlasiuk said: “The EU sales market is more important to us then the Russian market, there is a need to diversify…
Ukraine’s Cabinet of Ministers has introduced restrictions on exports of iron and steel scrap of 900,000 tons.The Cabinet resolution No 388 was signed on May 3.It is explained that the restriction is introduced on the basis of Article 9 and Article 12 of the law on scrap metal.It reads as “The cabinet approves iron and…
Ukrainian metallurgical companies have increased total net pretax loss in January to March 2012 3.6 times YoY to UAH 5.3 billion. Companies COGS per UAH 1 of production output has increased from UAH 1.025 in Q1 2011 to UAH 1.124 in Q1 2012, up by 9.7%.Mr. Vasiliy Kharakhulah, CEO of Metallurgprom, said sector performance had…
Ukrainian Mining and Metallurgical Company, a major metals trader, reported that demand for rolled metal products in Ukraine fell by 2.9% YoY in the first quarter of 2012 to 1.693 million tons.Mr. Vitaliy Kliuchnik, the company deputy CEO for sales, said “We estimate the Ukrainian market for rolled metal products amounted to 1.693 million tons…
According to the data issued by Ukraine’s Cabinet of Ministers, in the first three months of the current year Ukraine registered a 0.3% decrease YoY in its finished steel product output to 7.103 million tons, a 5.5% decrease in its crude steel output to 8.190 million tons and a 0.1% decline in its pig iron…
Ukraine’s coke and steel producers are battling a recent proposal from the energy and coal industry ministry to restrict imports of coal.The ministry has recently asked Prime Minister Mr. Nikolai Azarov to restrict imports of coal amid concerns there are 400,000 tons of domestically produced thermal coal accumulated in stocks. (Ukrainian Journal)
Mr. Nikolai Azarov, Prime Minister of Ukraine, said that Ukraine would seek to stimulate domestic demand for its steel, mostly in housing and infrastructure projects, as weaker external demand had been affecting many of its companies.The government provided massive tax breaks to steelmakers between late 2008 and through the end of 2009 after steel exports…
In the first 11 months of 2011 deliveries of steel products to the Ukrainian domestic market increased by 15% YoY to 6.623 million tons.In November 2011 steel product deliveries in Ukraine decreased by 2.3% compared to November 2010 and went down by 5.7% compared to October 2011 to 574,000 tons.In the January to November period…