It is reported that the debts for VAT reimbursements to steelmakers continue to grow in Ukraine reaching a record amount of UAH4.5 billion as of April 1st. The Ukrainian Federation of Metallurgists has stated that “The inequality of VAT refunding during all the past years is very alarming.”As per report, of the total debt of UAH4.5…
Mr. Andriy Kliuyev, the first Vice Prime-minister of Ukraine, said that the government of Ukraine had approved a resolution to prolong benefits for the companies in the metallurgical sector and retain the same prices for their products on the domestic market.He said that “We’ve agreed with the metallurgists that under a cabinet resolution we will…
According to the data issued by the Ukrainian Association of Metal Traders, in January to February Ukraine steel trading companies increased their steel product purchases by 3.9% YoY to 164,775 tons including 151,363 tons from local mills and 13,412 tons of imports.The main domestic suppliers of steel products to Ukrainian trading companies were ArcelorMittal Kriviy…
It is reported that the improving situation in the world steel market and the stabilization of companies’ profits have allowed Ukrainian steelmakers to restart their investments projects, which were initiated before the crisis but postponed in late 2008. Meanwhile, the market situation has forced Ukrainian steelmakers to switch their investment priorities from the increase of…
It is reported that the Ukrainian mills have announced new prices for 2nd quarter 2010.Mariupol Ilyich Iron and Steel Works has increased plate prices to $555 per ton FOB basis, while Zaporozhstal is looking for a price above $600 per ton FOB ST for HRC. (Steelprices-europe)
According to preliminary data, in 2009 the investment volume into Ukrainian metallurgy upgrade did not exceed UAH 5 billion.In recent years the metallurgists kept increasing the investments into main capacities upgrade. The investment started picking up in 2007, when the investments volume amounted to UAH 10.5 billion. In terms of specific investments per 1 ton…
According to the data issued by metal trading enterprise Ukrainian Mining and Metallurgical Company, in January to September 2009 Ukraine steel market was down by 41.1% YoY to about 4.165 million tons.During the period in question, the share of imports in the domestic market decreased from 20% YoY to 12% YoY amounting to 527,900 tons…
Kyiv Post reported that Mr. Sergiy Tigipko, a well known Ukrainian banker who has announced his intention to run for the presidency, believes that the global steel market has begun to revive and Ukrainian steelmakers should be prepared for this. He said that “The global steel market began to revive more quickly than expected. This…
