“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.
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.
Ukraine’s metal industry is among priorities for the authorities, but as for now it’s ineffective and not completely competitive.
In December 2015 metal companies consumed 163 million cubic meters of gas, up by 8.7%, or by 13 million cubic meters MoM.
In January-November 2015 Dniepropetrovsk region sold 264 billion UAH of goods, with 61% owing to processing industry and 24% – to mining.