Ukrainian Market News |
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March 2007
Ukraine to attract USD 12B from international financial institutions by 2012
Ukraine is to strengthen its cooperation with the World Bank, European Bank for Reconstruction and Development and other international financial institutions, and expects to attract a total of USD 12 billion by 2012, Ukraine's Economy Minister Anatoliy Kinakh reported. The minister said that the major loans would be attracted from the World Bank. If a partnership strategy with the bank for 2008-2011 is adopted, this sum may be USD 0.8-1 billion annually, while in general, Ukraine plans to attract about USD 2.5 billion from international financial institutions annually. The minister said that during the last 14 years, Ukraine has attracted over USD 12 billion from international financial institutions, 36.2% of which came from the World Bank.
31.03.2007 Source: Interfax
Coal industry privatization to start in fourth quarter or later
The privatization of Ukrainian coal industry won't start before
the forth quarter of 2007, according to Coal Industry Minister Serhiy
Tulub. "I think that the process will start not earlier than in
the fourth quarter or in the beginning of 2008," he said at a press
conference in Kyiv on March 30.
31.03.2007 Interfax
Yuschenko proposes privatizing coal mines
Ukrainian President Viktor Yuschenko said he believes that selling off
the country's coal industry enterprises to private owners will help
resolve a number of problems facing the sector. "We have to do
everything possible to ensure that not only the state is interested
in developing the industry. We need to have a lot of partners, including
private organizations," Yuschenko told a meeting with representatives
of the coal industry in Luhansk.
30.03.2007 Source: Interfax
Ukraine boosts iron ore exports 12.5% in 2 months
Ukraine boosted iron ore exports tentatively 12.5% year-on-year in January-February
to 3.1 million tonnes. Iron ore concentrate exports jumped 35.4% in
the two months to 470,000 tonnes, sintering ore exports rose 2.2% to
1.148 million tonnes and pellet exports grew 15.3% to 1.482 million
tonnes. Ukraine exported 1.494 million tonnes of iron ore in February,
including 247,000 tonnes of concentrate, 538,000 tonnes of sintering
ore and 709,000 tonnes of pellets.
19.03.2007 Source: Ukrrudprom, the Association of Ukrainian Mining Enterprises
Ukraine boosts ferrous scrap exports 3.7% in 2 months
Ukraine boosted ferrous metal scrap exports 3.7% year-on-year in January
and February, to 79,600 tonnes. The country exported 35,700 tonnes of
scrap in February, and 43,900 tonnes in January. Scrap supplies to Ukrainian
steel mills were 472,000 tonnes in February, or 74.3% of the demand,
and in January and February 864,000 tonnes (64.2%) were supplied.
19.03.2007 Source: UAVtormet, the Ukrainian Metal Scrap Association
Ukrainian economy grows 7.9% in February
The Ukrainian economy grew 7.9% year-on-year in February 2007 and 8.6%
in January-February 2007.
14.03.2007 Source: State Statistics Committee of Ukriane
Industrial production growth slows down to 11% in February
Ukraine's industrial production grew by 11% in February 2007 year-over-year.
As the State Statistics Committee reported, the highest growth rate
in February 2007 from February 2006 was registered in woodworking (50.1%),
the production of construction materials and glassware (24.7%), engineering
(21.7%), metallurgy (19%) and good industry (11.6%.). In January
2007 Ukraine's production output growth stood at 15.8% year-over-year.
08.03.2007 Source: State Statistics Committee of Ukraine
Ukraine uses 34% of EU steel quota for 2007
Ukrainian steel mills in January and February obtained licenses to ship
to the European Union 343,962 tonnes of rolled steel, or 34.24% of the
country's 2007 EU quota of nearly 1.005 million tonnes.
07.03.2007 Source: Ministry of Economy of Ukraine
Ukraine's steel industry increased finished roll output 13% year-on-year in January-February to 5.86 million tonnes. Ukraine produced 6.91 million tonnes of crude steel, also 13% more, and 5.7 million tonnes of pig iron, up 16% year-on-year.
Steel pipe production rose 35% to 436,000 tonnes.
Iron ore concentrate production grew 12% to 9.5 million tonnes, pellet production - 27% to 3.557 million tonnes and sinter - 8% to 8.078 million tonnes.
Ukrainian coke production rose 6% to 3.15 million tonnes and metalware output rose 7% to 65,000 tonnes.
Scrap metal deliveries to Ukrainian steel mills rose 22% year-on-year to 873,000 tonnes.
Source: Ministry of Industrial Policy of Ukraine
Ukrainian companies raise prices for refractories, ferroalloys
Ukrainian producers of refractories and ferroalloys hiked their prices
by 10-20% and 17-20%, respectively, in January compared to the previous
month. Due to higher prices for natural gas and electricity, prices
went up 10% for magnesian refractories, 18% for silica refractories
and 20% for aluminosilicate refractories.
01.03.2007 Source: Interfax
February 2007
Ukraine boosts iron ore exports 11% in January 2007
Ukraine boosted iron ore exports tentatively 11.1% year-on-year in January to 1.61 million tonnes. Iron ore concentrate exports jumped 13.2% to 223,000 tonnes, sintering ore exports rose 4.8% to 610,000 tonnes and pellet exports grew 15.9% to 773,000 tonnes. The Poltava GOK mining company is the biggest iron ore pellet exporter, shipping most of its output abroad.
28.02.2007 Source: Ukrrudprom, Association of Ukrainian mining enterprises
Industrial output in Ukraine up 15.8% in January 2007
Industrial output in Ukraine grew 15.8% year-on-year in January 2007.
The leading sectors by growth were machine building at 36.2%, woodworking
at 30.9%, the manufacturing industry at 18.9%, metallurgy at 18.1%
and production of non-energy materials at 17.1%. Industrial production
in 2006 grew 6.2% against 3.1% in 2005.
10.02.2007 Source: State Statistics Committee of Ukraine
Ukraine uses 3% of annual US carbon rolled steel quotas in January
2007
Ukrainian steel mills in January 2007 obtained licenses to ship 4,193
tonnes or 2.95% of the country's 2007 quota of nearly 142,111 tonnes
of rolled steel for the United States. The 2007 quota was increased
from 138,106 tonnes to 142,111 tonnes, according to the agreement between
the two countries.
10.02.2007 Source: Ukrainian Economy Ministry
Ukraine uses 9.4% of EU rolled steel quota in January 2007
Ukrainian steel mills obtained licenses to ship 94,080 tonnes or 9.37%
of the country's 2007 quota of nearly 1.005 million tonnes of rolled
steel for the European Union in 2007. Steel mills received licenses
to export 18,175 tonnes of SA1 category flat roll in coils to the EU,
58,330 tonnes of SA2 uncoiled flat roll, and 8,840 tonnes of SA3 flat
roll. They were licensed to export 810 tonnes of SB1 semi-manufactures
and shapes and sections, and 7,924 tonnes of SB3 semi-finished and wire
rods. Licenses to supply SB2 commodities were not issued.
09.02.2007 Source: Interfax
Ukrainian coke output edges up in January
Ukraine increased production of 6%-moisture coke by 1.5% year-on-year
to 1.615 million tonnes in January. Coke production totaled 1.601 million
tonnes in December 2006. The head of Ukrainian Coke Association Ukrkoks,
Anatoly Starovoit said demand for coke has declined recently due to
decreased use in blast furnaces. As a result, the warehouses of coking
plants are full of coal and coke, which is having a negative impact
on production. It was reported earlier that demand for coke fell sharply
at the beginning of 2006, but sales subsequently normalized following
the revival of the steel market and growth in steel production. Ukraine
produced 18.914 million tonnes of 6%-moisture coke in 2006, 0.3% more
than in 2005.
08.02.2007 Source: Ukrkoks
Ukraine boosts iron ore pellet output in January 2007
Poltava GOK (PGOK) raised commercial pellet production tentatively 41.2%
year-on-year in January to 802,000 tonnes of pellets. Iron ore concentrate
production grew 35% to 929,000 tonnes. Pivnichny GOK (PivGOK) mine raised
commercial pellet production 40% to 851,000 tonnes. Iron ore concentrate
output rose 7.7% to 1.05 million tonnes. Tsentralny GOK or Central Mining
and Beneficiation Plant reduced iron ore pellet output 1% year-on-year
in January to 203,000 tonnes. Concentrate production rose by 4.8% to
503,000 tonnes. Inhulets Mining and Beneficiation Plant, Ukraine's biggest
iron ore concentrate producer, raised iron ore concentrate production
8.7% year-on-year in January to 1.001 million tonnes. Crude ore production
rose 15.4% to 2.589 million tonnes.
07.02.2007 Source: Interfax
Ukraine raises ferroalloy output in January 2007
Nikopol Ferroalloy Plant (NZF), Ukraine's biggest ferroalloy producer,
raised ferroalloy production 20.8% year-on-year in January to 89,300
tonnes. The company produced 63,900 tonnes of silicon manganese against
56,100 tonnes in the first month of last year, and 25,400 tonnes of
ferromanganese (16,900 tonnes). The works raised ferroalloy output 10.2%
to 892,900 tonnes in 2006.
Zaporizhia Ferroalloy Works (ZZF) edged ferroalloy production up tentatively
0.5% year-on-year in January to 42,800 tonnes. Production rose 2.7%
to 30,000 tonnes of silicon manganese and 7.3% to 5,900 tonnes of ferrosilicon,
but fell 24.3% to 5,600 tonnes of ferromanganese. ZZF produces all of
the country's medium- and high-carbon ferromanganese and all of its
90%-metallic manganese.
07.02.2007 Source: Interfax
Ukraine does not find signs of dumping in Russian ore imports
Ukraine's international trade commission completed an antidumping investigation
against imports of iron ore concentrate from Russia without imposing
antidumping measures. Over the period of the investigation (2005), imports
into Ukraine of iron ore concentrate originating from Russia were conducted
not at dumping prices. These imports did not affect the operations of
domestic producers, the commission said in a statement.
07.02.2007 Source: Interfax
Ukraine reduces coal production 2.1% in January
Ukraine reduced coal production 2.1% year-on-year in January 2007 to
6.285 million tonnes. Coking coal production fell 3.1% to 2.276 million
tonnes and steam coal fell 1.5% to 4.009 million tonnes. The overall
coal production target was overshot by 4.7%, including by 14.9% for
coking coal, however steam coal production fell 0.3% short. Ukraine
raised coal production 2.8% in 2006 to 80.257 million tonnes. Coking
coal production fell 8.2% to 30.145 million tonnes while steam coal
output rose 10.9% to 50.112 million tonnes.
05.02.2007 Source: Ukrainian Coal Ministry
Ukraine boosts steel roll output 13% in January 2007
Ukraine's steel industry increased finished roll output 13% year-on-year
in January to 3.052 million tonnes, according to the Ministry of Industrial
Policy of Ukraine. Ukraine produced 3.595 million tonnes of crude
steel, up 11%, and 2.951 million tonnes of pig iron, up 13%
year-on-year. Steel pipe production rose 31% to 201,000 tonnes.
Iron ore concentrate production grew 13% to 4.943 million tonnes, pellet
production - 34% to 1.856 million tonnes, sinter - 5% to 4.239 million
tonnes and crude ore - 10% to 6.285 million tonnes. Ukrainian coke production
rose 1% to 1.613 million tonnes but metalware output fell 2% to 27,000
tonnes.
02.02.2007 Source: Interfax
Ukraine extends ban on mine bankruptcies to 2010
Ukrainian President Viktor Yushchenko has signed a bill on extending
until January 1, 2010 the moratorium on bankruptcies of mines in which
the state holds stakes of at least 25%. Ukraine's parliament on January
18 gave preliminary approval to the bill. Extending the moratorium "will
help implement measures to reform, update and ensure the stable development
of coal mines," according to a memo attached to the bill. A 1992
bankruptcy law introduced the moratorium on bankruptcies of mining companies
and beneficiation plants in which the state owns at least 25% of shares.
The moratorium was originally imposed until January 1, 2004, but then
extended until January 1, 2005 and again until January 1, 2007.
02.02.2007 Source: Interfax
January 2007
Ukrainian economy grows 7% in 2006
Ukraine GDP grew 7% in real terms in 2006, compared with growth of 2.7% in 2005, according to the State Statistics Committee. The government forecasts that economic growth will slow to 6.5% in 2007. The World Bank has confirmed its forecast for Ukraine's GDP in 2007 to reach 4.5%
19.01.2007 Source: Interfax
Industrial output in Ukraine in 2006 up 6.2%
Industrial output rose 6.2%, compared with growth of 3.1% in 2005.
In 2006, output grew in all key industrial sectors, apart from coke
and fuel production and light industry. The growth was reached thanks
to external demand for metallurgical and engineering products. Production
in the mining sector grew by 5.8%year-on-year, while production in the
processing sector grew by 6.3% year-on-year. In 2006, cast iron, steel
and ferroalloy production grew by 8.4%, non-ferrous metal out
put grew by 2.6%, casting grew by 3.1% and steel processing
grew by 13.9%. In the engineering sector, significant growth
was seen in car production (36.6%), control equipment production (28%),
and machinery for the metallurgical sector (17.8%).
19.01.2007 Source: Statistics Committe
Industrial growth in 2007 will reach 8%
According to the Economy Ministry, in 2007 the development of engineering
and metallurgy will speed up and the industrial growth will reach 8%.
18.01.2007 Source: UNIAN
EBRD planning to invest EUR 1 B into Ukraine in 2007
The European Bank for Reconstruction and Development is planning to
raise its investments into Ukraine to EUR 1 billion in 2007, whereas
in 2006 they were EUR 797 million, the representative office of the
bank in Kyiv reported.
17.01.2007 Source: Interfax
Ukraine to up steel output 5% in 2007
Ukraine aims to increase steel production 5% in 2007 to 42.62 million
tonnes, according to the Ministry of Industrial Policy. Pig iron production
is targeted to grow 7.3% in 2007 to 35.5 million tonnes.
Ukrainian steel industry increased finished roll output 7% in 2006
to 34.5 million tonnes. According to the information of the Industry
Ministry, Ukraine produced 40.9 million tonnes of crude steel, up
6%, and 32.94 million tonnes of pig iron, up 7%.
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Steel pipe production rose 14% in 2006
Ukrainian pipe companies increased production of ferrous metal pipes
by 14.1% to 2.617 million tonnes in 2006, according to Ukrainian Tube
Association Ukrtruboprom. The domestic market uses primarily Ukrainian-made
pipes, said Andriy Fedoseev, President of the Ukrainian Association
of Metal Traders. However, imports have been increasing due to their
better prices and quality, he said. In addition, imports of pipes not
made in Ukraine are also growing.
11.01.2007 Source: Interfax
Iron ore concentrate production grew 7% to 56.68 million tonnes,
pellet production - 20% to 20.87 million tonnes, sinter was a
flat 47.4 million tonnes and crude ore rose 6% to 73 million
tonnes.
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Ukrainian coke production edges up 0.3% in 2006
Ukrainian coke-chemical plants increased production of metallurgical
coke by 0.3% to 18.914 million tonnes in 2006, the head of industry
association Ukrkoks, Anatoly Starovoit, told Interfax, citing preliminary
figures. He said Ukraine would not increase coke production in 2007
due to a possible increase in imports and weaker demand in the steel
industry. It was reported earlier that there was a sharp drop in coke
demand at the beginning of the year, but sales later recovered as the
steel market revived and metal production increased.
11.01.2007 Source: Interfax
Ukraine sets up wholesale coal market
The Ukrainian Coal Industry Ministry is setting up a wholesale market
for coal products, Deputy Coal Minister Yury Zyukov told Interfax on
January 11. The wholesale market is being set up to increase the competitiveness
of coking coal, which is produced by state coal companies, he said.
The wholesale market will be set up based on state coal companies, but
will remain open to private companies. The operator of the wholesale
market will be the state company Coal of Ukraine, which is also the
operator of the wholesale market for energy coal. The founding meeting
of the wholesale market for coal products took place towards the end
of December, Zyukov said. Twenty two state coal companies plan to become
members of the new market, he said.
11.01.2007 Source: Interfax
Ukrainian coal production up 2.8% in 2006
Ukraine raised coal production 2.8% in 2006 to 80.257 million tonnes.
Coking coal production fell 8.2% to 30.145 million tonnes and power
generating coal output rose 10.9% to 50.112 million tonnes. The 2006
coal production target was overshot by 8.4% or 6.236 million tonnes.
11.01.2007 Source: Coal Ministry of Ukraine
Ukraine boots steel exports 11% in 2006
Ukraine boosted rolled steel exports tentatively 11% in 2006 to 28.3
million tonnes. Imports jumped 55% to 1.4 million tonnes. Ukrainian
steel mills imported 1.15 million tonnes of coke last year.
Source: Interfax
Ukraine ups iron ore exports 2.1% in 2006
Ukraine raised iron ore exports tentatively 2.1% in 2006 to 19.88 million
tonnes, according to Ukrrudprom, the Association of Ukrainian Mining
Enterprises. Iron ore concentrate exports jumped 13.4% to 3.995
million tonnes and sintering ore exports rose 9.1% to 7.32 million tonnes,
however pellet exports fell 10.1% to 8.6 million tonnes.
Source: Ukrrudprom
Ukraine reduces ferrous scrap exports 41% in 2006
Ukraine reduced ferrous metal scrap exports 41.2% in 2006 to 743,900
tonnes, according to the UAVtormet Ukrainian Metal Scrap Association.
Scrap supplies to Ukrainian steel mills came to 6.96 million tonnes
in the 12 months, up 9.5% from the previous year.
Source: UAVtormet
Ukraine reduces aluminium output 3.9% in 2006
Zaporizhia Aluminum (ZALK), Ukraine's only aluminum smelter, reduced
output of the metal 3.9% in 2006 to 92,067 tonnes. ZALK reduced alumina
output 1% to 255,000 tonnes in the 12 months. ZALK also produced 20,885
tonnes of aluminum wire in the 12 months, up 13.2% from 2005. Russia's
SUAL Group controls the plant.
Source: ugmk.info
