Ukraine: mirror duties to be imposed on Russian rolled metal
Ukraine has to impose mirror duties on Russian rolled metal, says Zaporizhstal CEO Rostislav Shurma.
Ukraine has to impose mirror duties on Russian rolled metal, says Zaporizhstal CEO Rostislav Shurma.
In February Ukrainian metal companies consumed 140 million cubic meters of gas, down by 20.9% MoM.
The stop of the railroad connection with companies working on the temporarily occupied territory of Donetsk and Lugansk regions will worsen the economical situation in Ukraine.
Metal industry is the worst borrower for banks: past-due debts on loans reach 39.5%, with foreign currency loans amounting to 91.6%.
“In my opinion, the Ministry of infrastructure announced railroad transportation tariffs rise will not greatly affect mining companies”, said the Ukrpromvneshexpertisa analyst Dmitry Zheltyakov.
The future of the steel construction depends on the state policy in attracting investments and on the Ukrainian metal construction sales on new markets.
Ukraine is on the brink of all the metal companies halt, after that currency revenues will fall, while unemployment will increase. This is stated in the letter to Prime Minister Arseny Yatsenyuk, signed by directors of the 12 major metal and mining companies.
In 2015 Ukrainian metal makers increased their losses by 31.6% YoY, or by 7.5 billion UAH, to 31.2 billion UAH.