In January-June, the volume of capital investments in metal industry decreased by 30.1% YoY, to 8.6 billion UAH. According to the State Statistics Service, the share of the metal industry in the total investments volume amounted to 13.6%. Capital investments in mining dropped by 37.4%, to 19.3 billion UAH, with the share of 30.5%. (Ukrainian…
The so-called authorities of the Donetsk People’s Republic, a terrorist organization created and supported by Russia, have admitted that Russia is illegally taking tons of metal from the occupied Donbass. According to the ministry of industry and trade, in H1 the unrecognized republic “exported” 802,584 tons of industrial products valued at almost 19 million Russian…
In June, Ukrainian metal and mining companies decreased salaries by 1.4-9% MoM. At the same time, pipe enterprises increased wages by 1.3%, to 13.2 thousand UAH. At mining companies average wages decreased by 1.4%, to 17.4 thousand UAH, in ferrous metallurgy – by 2.2%, to 17.2 thousand UAH, in non-ferrous metallurgy – by 3.5%, to…
The Eastern macroregion (Kharkiv, Donetsk, Lugansk, Dniepropetrovsk, Kirovograd and Zaporozhye regions) is the largest metal-consuming region in Ukraine with the share of over 50%. In 2019, its share grew to 53.9% from 50.4%. The Eastern macroregion has a large number of industrial consumers, who use metal products in the manufacture of their own products. The…
In January-March, the volume of capital investments in metal industry decreased by 13.2% YoY, to 4.6 billion UAH. According to the State Statistics Service, the share of metal industry was 30.1% of all industrial investments. Investments in mining dropped by 31.3%, to 9.7 billion UAH. Their share was 31.7%. In 2019, capital investments in metal…
In 2019, Ukrainian mining and metallurgical complex increased capital investments by 37.3% YoY, to $1.914 billion. This is a record-high level for Ukraine. According to GMK Center, it corresponds to an average global level of $50 per 1 ton of steel. The share of investments in the mining and metallurgical sector amounted to 8.1% in…
In March, wages at metal companies increased by 17.7%, to 17,329 UAH on average. Salaries also grew at ore mining companies (by 0.8%, to 16,997 UAH), manufacturing coke (+1.4%, to 17,543 UAH), pipes and sections (+2.2%, to 13,266 UAH), precious and non-ferrous metals (+0.9%, 10,606 UAH). Ferrous metals enterprises had the largest growth of 22%,…
International rating agency Moody’s has worsened its outlook for Russia’s steel sector to negative from stable. The agency attributed the move to an anticipated decline in demand for steel amid low oil prices and a weak industrial PMI. Moody’s expects that demand for steel will fall by 3-7% this year compared with a previous projection…