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.
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In the first quarter of 2015 Ukrainian companies produced 245.9 thousand tons of ferroalloys, down by 5.5% YoY.
In January-March Ukraine imported 308.93 thousand tons of manganese ore and concentrate, up by 83.8%, or by 51.2%, to $46.38 million, YoY.
In 2014 Alchevskkoks (Lugansk region) received 3749.98 million UAH of losses.
In January-March ArcelorMittal Kriviy Rih produced 1.26 million tons of rolled metal, up by 1.2% YoY.
In January-March Ukrainian metal companies decreased their ferrous metals export revenue by 36.3%, to $2214.45 million, YoY.
In 2014 Kondratyevsky Refractory Works (Donetsk region) received 11.39 million UAH of losses.
In 2014 Valki-Ilmenit (a part of Group DF) received 3.91 million UAH of profit, up by 67% YoY.
In January-March Ukraine imported $405.23 million worth of coal and anthracite.
In 2014 Zaporozhogneupor, the largest refractories manufacturer in Ukraine, received 64.53 million UAH of losses.
International vertically integrated mining and steel group Metinvest, owned by Ukrainian billionaire Rinat Akhmetov, has defaulted on its debt obligations, and the company is now in talks with its creditors, according to a company press release.
In January-March Ukraine exported 1830.14 thousand tons of carbon steel semi-finished products, down by 33.7% YoY. Or down by 46.7%, to $703.7 million.
In 2014 Ukrainian mining-metallurgical company (UGMK, Kiev) received 70.98 million UAH of profit.