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.
In 2016 Metinvest plans to dismiss up to 30% of its administration staff due to the uncertain steel market situation and the metal prices drop, as well as the demand decrease.
In 2015 Ukraine produced 22935 thousand tons of steel, down by 15.5%, or by 4209 thousand tons YoY.
In 2015 Ukraine exported $863.9 million worth of ferroalloys, while imports reached $100.92 million.
The National anti-corruption bureau is investigating the possible embezzlement and appropriation of funds by the officials of Vostochny Mining and Processing Works when it concluded the contract for the delivery of uranium oxide concentrate with Steurmann Investitions- und Handelsgesellschaft mbH (Austria).
In 2015 Ukraine imported $187.77 million worth of manganese ore, while exports reached $11.36 million.
Vostochny Mining and Processing Works couldn’t find an auditor company to confirm its financial reports for 2015.
In 2015 Ukraine produced 11606 thousand tons of bulk coke (6% moisture), down by 16%, or by 2215 thousand tons YoY.
Igor Kolomoisky, Gennady Bogolubov and Victor Pinchuk have peacefully settled the matter of the Krivoy Rog Iron Ore Industrial Complex privatization.
In 2015 Ukraine exported $1895.86 million worth of long rolled metal products, with imports on the level of $120.36 million.
Azovstal Iron and Steel Works is going to supply 16.7 thousand tons of steel sheet to IPIC (Egypt) in February.
In 2015 Ukraine produced 21878 thousand tons of pig iron, down by 11.8% YoY, or by 2939 thousand tons.