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…
In January-March, Ukraine transported 61 thousand tons of metal cargo via the Dnepr River, down by 22.7% YoY. January accounted for the main volume of transportation. In February, transportation was suspended because of the repair at the Kakhovka sluice. The operation of the sluice resumed on March 10. In 2019, metal cargo transportation along the…
Metals Consulting International Limited (MCI), the independent iron and steel sector management consulting firm, announces the merger of its advisory business with that of Saint Barbara, advisors to the world’s metals, minerals and mining industries. MCI mostly undertakes iron and steel sector due diligence and feasibility study work for clients in Western, Central and Eastern…
In February, metal and mining enterprises decreased average salaries compared with January, all except for pipe companies. In particular, average wages at mining enterprises in February was 16859.4 UAH, down by 4.8% MoM. By-product coke companies posted an average salary of 17298 UAH, down by 6.7%, ferrous metal companies – 16162.6 UAH, down by 7.2%,…
