Ukrainian Market News |
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September 2007
Ukraine approves quotas on rebar supplies to Russia
The Ukrainian cabinet has approved quotas on reinforced steel rebar shipments to Russia until December 31, 2010, according to an agreement on the regulation of rebar supplies to Russia signed between the Ukrainian Economy Ministry and Russian Economic Development and Trade Ministry. According to a cabinet resolution of September 19, 2007, the 2007 quota is 112,000 tonnes, the 2008 quota is 330,000 tonnes, including 49,500 tonnes for Q1 and Q2 each, and 115,500 tonnes for Q3 and Q4 each; the 2009 quota is 363,000 tonnes, including 54,450 tonnes for Q1 and Q2 each, and 127,050 tonnes for Q3 and Q4 each; and the 2010 quota is 400,000 tonnes, including 60,000 tonnes for Q1 and Q2 each, and 140,000 tonnes for Q3 and Q4 each.
25.09.2007 Source: Interfax
Ukrainian Ministry reduces coal output forecast again
Ukraine's Coal Industry Ministry reduced the national coal production
forecast for 2007 again, and now expects that output will not exceed
last year's 80 million tonnes. "We are now aiming to achieve last
year's level. Unfortunately, the mining program that was previously
prepared will not be fulfilled for a number of reasons," Coal Minister
Serhiy Tulub said. The Ministry had initially targeted coal production
to increase to 82 million tonnes in 2007, but in the middle of the year
it reduced this forecast to 81.5 million tonnes. Ukraine mined 50.222
million tonnes of raw coal in the first eight months of 2007, 5.1% less
than in the same period of 2006. Production of coking coal dropped 8.2%
to 18.882 million tonnes, and output of steam coal fell 3.1% to 31.339
million tonnes.
25.09.2007 Source: Interfax
Ukraine to reduce natural gas consumption to 60 bcm in 3-4 years
Ukraine's Fuel and Energy Ministry has drawn up a program to reduce
consumption of natural gas to 60 billion cubic meters a year in the
next three or four years, the Ministry press center reported, citing
Ministry head Yuriy Boiko. This year Ukraine will reduce natural gas
consumption 9.3% to 68 billion cubic meters, from 75 billion cubic meters
in 2006. Imports of liquefied gas will rise to 10 bcm a year under the
program.
25.09.2007 Source: Interfax
Steel consumption per capita may grow 1.5 times in Ukraine by 2015
Per capita steel consumption in Ukraine may grow to 402 kilograms by
2015, compared to 274 kilograms in 2006, which is similar to consumption
levels in the majority of the world's developed countries, director
of Ukrpromzivnishekspertyza state enterprise Volodymyr Vlasiuk reported
during a meeting on Ukraine's mining complex performance in H1 2007.
According to a ministry press release, Vlasiuk believes that main risks
for Ukraine on the foreign miming produce markets are trade challenges
from China, and strong competition with producers from Russia, Turkey
and India on such markets as the Middle East, Europe and the CIS.
22.09.2007 Source: Interfax
Ukraine ranks eighth in world rating of steel producers
Ukraine produced 3.62 million tonnes of steel last month, inching up
2.3% from August last year, and ranked eighth in the rating of world's
67 main raw steel producing countries. The top-ten last month includes,
apart from Ukraine, China, accounting for 38.47%of the global total
(41.583 million tonnes), Japan (a 3.7% rise, 9.966 million tonnes),
the United States (a 0.5% rise, 8.5 million tonnes), Russia (a 2.3%
fall, 5.833 million tonnes), South Korea (a 2.9% rise, 4.125 million
tonnes), Germany (a 2.5% rise, 3.968 million tonnes), India (a 5.5%
rise, 3.85 million tonnes), Brazil (a 4.5% rise, 2.94 million tonnes),
and Italy (a 11% fall, 1.613 million tonnes). Ukrainian steel producers
increased steel output by 138,000 in August compared to July.
20.09.2007 Source: International Iron and Steel Institute (IISI)
In 2007 EBRD means to invest 800 million EUR to Ukraine
The European Bank for Reconstruction and Development means to invest
800 million EUR to Ukraine, EBRD President Jean Lemierre told a meeting
with Ukrainian First Vice Prime Minister Mykola Azarov Monday. The parties
discussed topical and promising issues of cooperation between Ukraine
and the EBRD. "We are impressed with economic results of Ukraine.
They speak about good perspectives for new interesting projects, particularly,
in the energy sphere. In 2007 the EBRD will invest some 800 million
EUR to Ukraine. At the same time we see impetuous growing interests
of investors toward Ukraine. They are pleased with their work in Ukraine
and we will consider projects of venture capital in Ukraine," Mr
Lemierre said. The EBRD chairman also said EBRD shareholders are ready
to hold an annual meeting in 2008 in Kiev.
17.09.2007 Source: Ukrinform
Industrial output grows by 8.7% in Ukraine in August, by 10.9% in
January-August
Industrial output grew by 8.7% in Ukraine in August in comparison with
August 2006, and by 10.9% in the January-August period. Industrial output
grew by 6.2% in 2006.
14.09.2007 Source: State Statistics Committee of Ukraine
Ukrainian metal scrap exports up 1% in January-August
Ukraine exported 515,100 tonnes of scrap ferrous metal in the first
eight months of 2007, 1% more than a year earlier. Scrap shipments to
domestic steelmakers rose 5.1% year-on-year to 4.541 million tonnes.
Ukrainian scrap ferrous metal exports tumbled 41.2% to 743,900 tonnes
in 2006.
14.09.2007 Source: Ukrainian Metal Scrap Association UAVtormet
Prime Minister emphasized the necessity of holding project contests
of metallurgy production updating
Prime Minister of Ukraine Viktor Yanukovych called upon to hold project
contests of metallurgy production updating with the following financing
the best of them. The Head of Government disclosed this at the meeting
with administrative-economic representatives of the Dnipropetrovsk region.
"I would like that we consider all investment metallurgy projects
and hold a contest of the best projects on updating the blast furnace,
converter shop, rolling mill, in other words, modernization of every
processing stage. It also concerns energy saving technologies,"
Viktor Yanukovych said. During the meeting the Prime Minister has commissioned
to consider immediately an issue on providing the Novomoskovsk pipe
plant with energy in connection with implementation of the investment
project on arc-furnace complex building.
07.09.2007 Source: Government portal http://www.kmu.gov.ua
Creation of Titan Ukrainy would allow state to control up to 25%
world's titan-magnesium ore deposits
The creation of the national joint-stock company Titan Ukrainy, in which
the state would control a 50% +1 stake, would allow controlling up to
25% of the world's titan-magnesium ore deposits, acting board chairman
of the OJSC Sumykhimprom, Yevhen Lapin, said in an interview with the
Ekonomicheskiye Izvestiya newspaper. He said that Titan Ukrainy could
unite Sumykhimprom, Crimean Titan, Zaporizhia Titan-Magnesium Ore Mill,
Vilnohirsk and Irshansk Ore Mining and Processing Mills and small companies
of the sector. Lapin said that the creation of Titan Ukrainy would stir
up after the elections, and he voiced confidence that investors would
be involved.
06.09.2007 Source: Interfax
Ukraine ups pipe output 7.8% in 8 months
Ukraine increased production of ferrous metal pipes by 7.8% year-on-year
to 1.832 million tonnes in the first eight months of 2007, including
217,900 tonnes in August. Ukrainian Metal Traders' Association president
Andriy Fedoseyev said the country's pipe market is relatively stable
at the moment in terms of both prices and sales volume. Prices for pipe
products in Ukraine did not change in August, and there are likely to
remain unchanged in September as well, though there might be a slight
increase, he said. Ukrainian metal traders work largest with domestic
pipe producers, importing only small amounts from Russia and other countries.
Ukrainian Association of Metal Traders is one of the organizers of the
Metal-Forum of Ukraine.
06.09.2007 Source: Ukrtruboprom
Ukrainian coke production grows 4.6% in 8 months
Ukraine increased production of metallurgical coke by 4.6% year-on-year
to 13.198 million tonnes in the first eight months of 2007, including
1.616 million tonnes in August. But coke production has started to slow
because not enough coking coal is available, the head of Ukrainian Coke
Industry Association Ukrkoks, Anatoliy Starovoit told. Starovoit said
Ukraine was not mining enough coking coal. The situation with imports,
particularly from Russia, is hard to gauge. Ukraine increased production
of 6%-moisture metallurgical coke by 0.3% to 18.914 million tonnes in
2006.
06.09.2007 Source: Interfax
Ukraine reduces coal production 5.1% in 8 months
Ukraine reduced coal production 5.1% year-on-year in January-August
2007 to 50.223 million tonnes.
Coking coal production fell 8.2% to 18.882 million tonnes and steam
coal fell 3.1% to 31.339 million tonnes. 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.
06.09.2007 Source: Coal Ministry of Ukraine
Ukraine uses 67% of EU rolled steel quota in 8 months
Ukrainian steel mills in January through August obtained licenses to
ship 896,923 tonnes of rolled steel, or 67% of the country's 2007 quota
of 1.320 million tonnes of rolled steel for the European Union. The
Ministry said that since the beginning of the year, steel mills received
licenses to export 130,811 tonnes of SA1 category flat roll in coils
to the EU, or 68.8% of the quota for this commodity; 310,195 tonnes
of SA2 uncoiled flat roll, or 79.5% of the quota; and 83,520 tonnes
of SA3 flat roll, or 59.7% of the quota. They were licensed to export
34,017 tonnes of SB1 semi-manufactures and shapes and sections, or 68%
of the quota; 139,120 tonnes of SB2 commodities, or 71% of the quota;
and 199,258 tonnes of SB3 semi-finished and wire rods, or 56.1% of the
quota.
05.09.2007 Source: Ministry of Economy of Ukraine
Ukraine uses 41.2% of annual quota for steel plate supplies to US
in 8 months
Ukrainian steel companies received licenses to supply 58,573 tonnes
of cut-to-length carbon steel plate to the United States in January
through August 2007, which was 41.2% of this year's annual quota of
142,111 tonnes. Under an agreement between Ukraine and the United States,
the quota for 2007 was raised from 138,106 to 142,111 tonnes.
05.09.2007 Source: Ministry of Economy of Ukraine
Ukraine boosts steel roll output 6% in 8 months
Ukraine's steel industry increased finished roll output 6% year-on-year
in January-August to 23.956 million tonnes. Ukraine produced 28.432
million tonnes of crude steel, up 5%, and 23.679 million tonnes of pig
iron, up 9% year-on-year.
Steel pipe production rose 7.8% to 1.832 million tonnes. Metalware output
rose 3% to 292,000 tonnes.
Iron ore concentrate production grew 9% to 40.408 million tonnes, pellet
production - 11% to 14.922 million tonnes and sinter - 5% to 33.182
million tonnes.
03.09.2007 Source: Ministry of Industrial Policy of Ukraine
Ukraine to probe oil well piping imports
Ukraine's International Trade Commission has opened a special probe
into imports of seamless casing pipe and oil well tubing with diameter
up to 406.4 mm. The commission said in a statement that the probe was
launched following a complaint by the Interpipe corporation's Nyzhniodniprovsky
and Niko Tube pipe mills, which claim Ukraine imported 130% more of
the pipes last year than in 2003.
03.09.2007 Source: Interfax
August 2007
Ukraine plans to get USD 2.5 - 3 billion from international financial institutions annually
Ukraine plans over the next five years to borrow USD 2.5 billion - USD 3 billion from international financial institutions annually. Several projects with international financial institutions are in the planning stations, including 16 projects involving the country's biggest creditors - the International Bank for Reconstruction and Development and European Bank for Reconstruction and Development for USD 2.2 billion. Ukraine has received USD 4.41 billion from the International Monetary Fund, USD 4.5 billion from the International Bank for Reconstruction and Development, and USD 667 million from the International Finance Corporation since it began working with these organizations.
27.08.2007 Source: Ministry of Economy of Ukraine
Destabilization of coke sector due to Ukrzaliznytsia plans to cut imported
coal shipments
Dnipropetrovsk-based Ukrkoks, the association of coking companies, has
warned of a possible worsening in the situation with coke supplies to
Ukrainian steel mills due to plans of the state railway administration
Ukrzaliznytsia to cut imported coking coal shipments in September, Ukrkoks
Director General Anatoliy Starovoit said on August 23. He said that
Ukrzaliznytsia has not approved a shipment schedule for September. He
said that OAO Russian Railways has also cut coking coal shipments to
Ukraine due to a shortage of railway cargo cars for domestic shipments.
"Today, there is a difficult situation at plants due to the lack
of coal," he said.
24.08.2007 Source: Interfax
Ukraine ups pipe exports 5.5% in H1
Ukraine increased steel pipe exports 5.5% year-on-year in the first
half of 2007 to 513,161 tonnes. Pipe exports were valued at USD 607.888
million. Ukraine exported 216,847 tonnes of pipes to Russia, 37,330
tonnes to the United Arab Emirates and 26,843 tonnes to Kazakhstan.
Ukraine also exported pipes to the United States (22,237 tonnes), Turkey
(21,075 tonnes), Belarus (19,071), Turkmenistan (18,053 tonnes), Germany
(17,967 tonnes) and Africa (16,634 tonnes).
Pipe imports grew 6.2% year-on-year to 16,135 tonnes (USD 32.817
million), including 7,892 tonnes from Russia, 3,328 tonnes from China
and 1,368 tonnes from Austria.
23.08.2007 Source: State Statistics Committee of Ukraine
Ukraine starts anti-dumping probe into Chinese steel ropes
Ukraine's International Trade Commission August 17 started an anti-dumping
investigation into steel ropes and cable imported from China. The commission
launched the probe following complaints by Ukrainian producers OJSC
Stalkanat and OJSC Silur. Ukraine wrapped an anti-dumping investigation
against Russian steel ropes and cable at the end of July up without
taking further action. "Anti-dumping measures would be against
national interests," according to a commission statement at the
time. The Ukrainian companies blasted that decision, but claim that
the imports from China are doing even more damage to them than the imports
from Russia. The Ukrainian Economics Ministry will register the interested
parties within 30 days and consider their written comments within 60
days.
23.08.2007 Source: Interfax
Ukraine produces 3.59 million tonnes of steel in July, 8th biggest
producer in world
Ukraine in July cut steel output by 1% year-on-year, to 3.59 million
tonnes, making it 8th in the rating of the 67 key world steel producers
drawn up by the International Iron and Steel Institute (IISI). Last
month's top-ten included China (41.252 million tonnes, a 14.5% rise),
Japan (10.009 million tonnes, a 1.5% rise), the United States (8.4 million
tonnes, a 0.7% rise), Russia (6.21 million tonnes, a 5.2% rise), South
Korea (4.14 million tonnes, a 2.7% rise), Germany (3.997 million tonnes,
a 0.1% fall), India (3.85 million tonnes, a 7.2% fall), Brazil (2.869
million tonnes, a 5.3% rise), and Italy (2.65 million tonnes, a 0.1%
rise). Ukrainian steel mills in July 2007 increased steel output by
115,000 tonnes compared to June.
22.08.2007 Source: International Iron and Steel Institute
Russia and Ukraine to sign deal on rebar deliveries
Russia and Ukraine are set to sign an agreement to settle a dispute
over steel reinforcement bar shipments. Russian Prime Minister Mikhail
Fradkov has instructed the Russian Economic Development and Trade Ministry
to sign the agreement with the Ukrainian Economics Ministry regarding
the bars, which are used to make reinforced concrete. A source at the
Russian ministry told Interfax that the agreement, which would be back-dated
to August 14, 2007, would limit Ukrainian rebar shipments to Russia
to 112,000 tonnes between August 14, 2007 and December 31, 2007, inclusive,
and to 330,000 tonnes in 2008, 363,000 tonnes in 2009 and 400,000 tonnes
in 2010.
20.08.2007 Source: Interfax
Ukraine seeks investors to develop brown coal deposits
Ukraine's Coal Industry Ministry plans to attract investors to develop
deposits in the Dnepr brown coal basin. The project calls for developing
the two most promising deposits in the basin: Aleksandriyiske, with
brown coal reserves of 485 million tonnes, including 63 million tonnes
for open-pit mining at existing mines; and Verkhnedniprovske, with reserves
of 236 million tonnes for open-cast mining at explored sections. The
Ministry reckons the deposits have potential to produce 5 million-6
million tonnes of coal per year by open-pit mining. The deposits are
targeted to come on stream within two years. The ministry is also proposing
a project to build thermal power plants at the Verkhnedniprovske deposit
with capacity of 600 to 800 MW. The strategic goal is to produce electricity
from local brown coal using the latest European technologies.
15.08.2007 Source: Interfax
Ukraine not to impose antidumping sanctions against Russian cable
Ukraine's International Trade Commission has closed an antidumping investigation
against imports of Russian steel wire rope and cable without coating,
including cable in closed coils, and has decided against imposing anti-dumping
sanctions. "Anti-dumping measures would be against national interests,"
according to a commission announcement published in the newspaper Uryadovy
Kuryer. The commission launched the antidumping investigation against
Russian cable and steel rope on January 31, 2006 following complaints
filed by the companies Stalkanat and Silur. In July 2006, the commission
decided to impose preliminary antidumping duties of 32.63% on imports
of these products from Russia.
13.08.2007 Source: Interfax
Ukraine puts off talks on increasing metalware quota with EU for
September
Ukraine's Economy Ministry plans to hold consultations with representatives
of the European Commission in September 2007 on an increase in this
year's metalware quota by 855,340 tonnes. The September consultations
are expected to be held in Brussels. As was reported earlier, European
consumers have shown a desire to increase Ukrainian quotas for steel
products supplies to the European Union.
13.08.2007 Source: Interfax
Industrial output in Ukraine in July up 7.8%, in 7 months 11.2%
The pace of industrial output growth in Ukraine slowed to 7.8% year-on-year
in July 2007, whereas in June it grew by 10.4% and in May by 9.9%. Such
a pace of growth made industrial production growth in the first seven
months slow to 11.2%. The State Statistics Committee said that in July
machinery and equipment output grew by 12.9%, mineral production output
grew by 11.2%, pulp and newsprint output grew by 9.3%, leather output
grew by 8.2%, electricity, gas and water distribution grew by 4.7%,
mining and metallurgic production grew by 3.6% and 3.2% respectively.
11.08.2007 Source: State Statistics Committee of Ukraine
Ukrainian metal exports total USD 7.9 billion in January-July
Ukraine exported metal products worth USD 7.9 billion in the first seven
months of 2007. Serhiy Syrotiuk, Head of the Metal Industry Department
of Ukraine's Industrial Policy Ministry, told that 24% of the exports
went to European Union countries, 25.7% to the Middle East and Asia,
and 14% to Turkey.
Ukraine's production of key types of metal goods for the first seven
months of 2007 was between 6% and 10% up on the same period last year.
Production of rolled and unrolled steel increased 6% year-on-year
to 20.92 million and 24.81 million tonnes respectively, and that of
pig iron grew 10% to 20.65 million tonnes. Pipe production rose
10% to 1.6 million tonnes, and that of other metal goods went up 8%
to 266,000 tonnes.
09.08.2007 Source: Interfax
Ukraininan GDP growth around 8% over 7 months
GDP growth in January through June was around 8%, First Vice-Premier
and Finance Minister Mykola Azarov said during a meeting with Bavarian
Prime Minister Edmund Stoiber on Wednesday. He said that the Ukrainian
economy is actively developing, investment is growing, and wages and
pensions are increased in the light o the economic growth. As reported,
the Ukrainian government approved macroeconomic forecasts for 2007,
according to which GDP is expected at 6.5% with 7.5% inflation.
09.08.2007 Source: Interfax
Ukrainian iron ore imports jump 61% in 7 months
Ukrainian steelmakers increased imports of iron ore commodities by 61%
year-on-year to 1.72 million tonnes in the seven months of 2007. Concentrate
imports rose 1.3% to 720,000 tonnes and sinter - 91.3% to 593,800 tonnes.
09.08.2007 Source: Ukrrudprom
Ukraine reduced iron ore exports 4.8% in 7 months
Ukraine reduced iron ore exports tentatively 4.8% year-on-year in January-July
to 11.011 million tonnes. Iron ore concentrate exports fell 7.5% to
2.047 million tonnes, while pellet exports grew 0.6% to 5.183 million
tonnes. Sintering ore exports fell, by 10.1% to 3.781 million tonnes.
Ukraine exported 1.745 million tonnes of iron ore in July, including
327,000 tonnes of concentrate, 595,000 tonnes of sintering ore and 823,000
tonnes of pellets.
09.08.2007 Source: Urrrudprom
Ukrainian coke production grows 6% in 7 months
Ukraine increased production of metallurgical coke by 6% year-on-year
to 11.582 million tonnes in the first seven months of 2007, including
1.621 million tonnes in July. But coke production has started to slow
because not enough coking coal is available. The head of Ukrkoks Association,
Anatoly Starovoit said Ukraine was not mining enough coking coal and
the same was happening in Russia, so imports were down as well. Coal
supplies to Ukrainian coking plants could fall 12-15% in August. Ukraine
increased production of 6%-moisture metallurgical coke by 0.3% to 18.914
million tonnes in 2006.
07.08.2007 Source: Ukrkoks
Ukraine uses 25% of Russia's cold-rolled steel quota
Ukrainian steel mills as of August 1 obtained licenses to ship 50,000
tonnes of cold-rolled steel, or 25% of the country's annual quota (from
July 1, 2007 to June 30, 2008) of 200,000 tonnes of cold-rolled steel
for Russia. As reported, the Ukrainian cabinet has approved the size
of quotas on the supply of Ukrainian cold-rolled steel to Russia by
June 30, 2010, according to a three-year agreement on the regulation
of cold-rolled steel supplies to Russia signed in June.
04.08.2007 Source: Ministry of Economy of Ukraine
Ukraine reduces coal production 5.2% in January-July
Ukraine reduced coal production 5.2% year-on-year in January-July 2007
to 44.08 million tonnes. Coking coal production fell 8.4% to 16.6 million
tonnes and steam coal fell 3.2% to 27.48 million tonnes. Ukraine produced
5.97 million tonnes of coal last month, down 9.8% year-on-year. Production
of coking coal fell 10.2% last month to 2.19 million tonnes, with steam
coal production down 9.7% to 3.78 million tonnes.
01.08.2007 Source: Ukrainian Coal Ministry
Ukrainian inflation at 1.4% in July
Ukrainian inflation was 1.4% in July 2007 compared to 2.2% in June and
5.6% in January-July. The Ukrainian government is forecasting that inflation
will drop to 7.5% in 2007 from 11.6% in 2006.
Source: State Statistics Committee of Ukraine
July 2007
Ukraine approves cold-roled steel quotas to Russia
The Ukrainian cabinet has approved the size of quotas on the supply of Ukrainian cold-rolled steel to Russia by June 30, 2010, according to a three-year agreement on the regulation of cold-rolled steel supplies to Russia signed in June by the Russian Economic Development and Trade Ministry and the Ukrainian Economy Ministry. According to a cabinet resolution of July 25, 2007, the 2007 quota is set at 200,000 tonnes, from July 1, 2008 through June 30, 2009 at 205,000 tonnes, and from July 1, 2009 through June 30, 2010 at 210,000 tonnes.
30.07.2007 Source: Interfax
Foreign direct investment could hit USD 5.5 billion in Ukraine in
2008
Ukrainian Ministry of Economy is forecasting that foreign direct investment
will be USD 5.5 billion in 2008. Improving the country's investment
climate and creating conditions for foreign investment play a special
role in Ukraine's preparations to host the 2012 European Football Championship,
Economics Minister Anatoliy Kinakh said at a ministry meeting on Friday.
A working group on Ukraine's accession to the WTO said at a July meeting
that conditions need to be consolidated to complete WTO accession procedures
in 2007. Foreign direct investment in the Ukrainian economy is expected
at USD 3 - 4 billion in 2007, as in 2006. Foreign direct investment
could grow an average of 50% next year.
27.07.2007
Ukrainian steel market to double by 2012, says expert
The consumption of steel products on the Ukrainian market by 2012 will
be around 15 million tonnes, while in 2006 the market was estimated
at 7-7.5 million tonnes, Sales Director of the Steel and Rolling Division
of Metinvest Holding Ltd., Andriy Parkhomchuk, said in an interview
with the Business newspaper. He said that steel production by 2012 would
reach 50 million tonnes, while in 2006 it was around 40 million tonnes.
"As of now, in the future Ukraine is expected to export more than
the half of its [steel] products," the expert said. Metinvest's
steel division includes Azovstal, Ferriera Valsider, Yenakiyeve, Khartsyzsk
and trading company Leman Commodities.
25.07.2007 Source: Business newspaper
Ukrainian Coal Ministry to raise UAH 800 million for investment
projects in July and August
The Ukrainian Coal Industry Ministry will raise UAH 800 million for
investment projects in July and August to equip new coal faces and to
finance capital construction. "In July and August, the first coal
companies will start to receive money under this credit program. Thus,
we should receive UAH 800 million of bank credits by the end of August,"
Coal Minister Serhiy Tulub said. The program was being considered by
the credit committee of Ukreximbank (Kyiv).
25.07.2007 Source: Interfax
Ukraine ranks as the world's eighth biggest steelmaker in June
Ukraine ranks the eighth largest of the world's 67 main steel producing
countries in June, although it cut steel production by 0.1% year-over-year
to 3.475 million tonnes. Along with Ukraine, the top ten steelmakers
in June 2007 were China (41.500 million tonnes, a 13.3% rise), Japan
(9.975 million tonnes, a 2.9% rise), the United States (8.300 million
tonnes, a 3.3% decline), Russia (6.139 million tonnes, a 5.2% rise),
South Korea (4.353 million tonnes, a 2.7% rise), Germany (4.096 million
tonnes, a 2.7% rise), India (3.723 million tonnes, a 3.1% rise), Brazil
(2.733 million tonnes, a 14.8% rise), and Italy (2.716 million tonnes,
a 0.1% rise). From January to June, Ukrainian producers smelted 21.334
million tonnes of steel, which was 7.4% up on the same period of 2006.
18.07.2007 Source: The International Iron and Steel Institute (IISI).
Ukrainian iron ore imports jump 56% in H1
Ukrainian steelmakers increased imports of iron ore commodities by 56.4%
year-on-year to 1.44 million tonnes in the first half of 2007. Imports
of sinter shot up 94.8% to 534,500 tonnes, while imports of iron ore
concentrate dipped 0.6% to 615,000 tonnes. Ukraine imported 290,000
tonnes of pellets in the first half of 2007, while it only imported
27,000 tonnes of pellets in the same period last year. Ukraine imported
293,200 tonnes of iron ore commodities in June alone, including 97,000
tonnes of concentrate, 60,300 tonnes of sinter and 135,900 tonnes of
pellets.
18.07.2007 Source: Ukrrudprom
Ukraine reduces iron ore exports 5.2% in H1
Ukraine reduced iron ore exports 5.2% year-on-year in the first half
of 2007 to 9.316 million tonnes. Iron ore concentrate exports fell 6.2%
to 1.72 million tonnes, pellet exports dropped 0.3% to 4.36 million
tonnes, and sintering ore exports fell 10.5% to 3.236 million tonnes.
Ukraine exported 1.644 million tonnes of iron ore in June, including
285,000 tonnes of concentrate, 568,000 tonnes of sintering ore and 791,000
tonnes of pellets.
16.07.2007 Source: Ukrrudprom
Industrial output in Ukraine in June up 10.4%, over 6 months 11.8%
Industrial output in Ukraine grew by 10.4% year-on-year in June 2007,
whereas in May it grew by 9.9%. As the State Statistics Committee has
reported, an increase in production was seen in all main industrial
sectors, apart from light industry. Production in the mining sector
grew by 3.8% year-on-year, while production in the processing sector
grew by 13.7% year-on-year. In June, cast iron, steel and ferroalloy
production grew by 14.1%, non-ferrous metal output grew by 0.7%, casting
grew by 16.1% and steel processing grew by 27.4%.
16.07.2007 Source: State Statistics Committee of Ukraine
Ukrainian economy grows 7.9% in H1
The real growth of the Ukrainian economy was 7.9% in the first half
of 2007 compared to the same period last year. The government is forecasting
that economic growth will slow to 6.5% in 2007 from 7.1%, while inflation
will drop to 7.5% from 11.6%. Ukrainian inflation was 4.2% in the first
half of 2007. Ukrainian GDP increased 7.1% in 2006 amid inflation of
11.6%. The Ukrainian government is forecasting that GDP will grow 7.2%
in 2008 and inflation will be 6.8%.
14.07.2007 Source: Ministry of Economy of Ukraine
Ukraine plans to agree cancellation of quotas on carbon rolled steel
exports to USA
The Industry Ministry of Ukraine, jointly with the Economy Ministry,
plan by November 1 to sign an agreement with the United States cancelling
quotas on exports of carbon rolled steel and replacing them with a deal
with Ukrainian suppliers to supply rolled steel at the minimum prices
to the U.S. market.
Ukrainian steel mills in January through June obtained licenses to ship
41,869 tonnes of steel, or 29% of the country's 2007 quota of nearly
142,111 tonnes of rolled steel to the United States.
13.07.2007 Source: Interfax
Ukraine in talks with Russia to restrict flat rolled steel exports
and rebar exports
The Economy Ministry of Ukraine, jointly with the Industry Ministry,
are in talks with the Russian Ministry for Economic Development and
Trade on self-imposed restrictions of flat rolled steel and rebar exports
to the Russian market. First Deputy Industry Minister Dmytro Kolesnikov
said at a meeting of representatives of mining companies in Dnipropetrovsk
that the signing of the agreement on the restriction of exports to the
Russian market would stop investigation started by Russia. The agreement
foresees restrictions of flat rolled steel supplies to 200,000 tonnes
from July 1, 2007 through July 1, 2008, to 205,000 tonnes from July
1, 2008 through July 1, 2009, and to 210,000 tonnes in a year.
13.07.2007 Source: Interfax
Ukrainian pipe production up 15.5% in H1
Ukrainian pipe companies increased steel pipe production 15.5% year-on-year
to 1.404 million tonnes in the first half of 2007. The output in June
amounted to 228,900 tonnes of pipes. Ukrainian producers increased pipe
output 14.1% to 2.617 million tonnes in 2006.
10.07.2007 Source: Ukrainian Pipe Association Ukrtruboprom
Russian and Ukrainian Associations of Steel Traders developing cooperation
The Russian Union of Metal and Steel Suppliers (formerly the Russian
Association of Steel Traders) and the Ukrainian Association of Metal
Traders are developing cooperation, in particular, in the exchange of
information on their countries' markets, boosting steel trading and
strengthening relations between the two non-commercial organizations.
Ukrainian Association of Steel Traders President Andriy Fedoseyev had
a meeting with Russian Union of Metal and Steel Suppliers in late June
in Moscow. Ukrainian Association of Metal Traders is one of the organizers
of the Metal-Forum of Ukraine.
04.07.2007 Source: Interfax
Ukrainian coke production grows 7.7% in H1
Ukraine increased production of metallurgical coke by 7.7% year-on-year
to 9.97 million tonnes in the first half of 2007, including 1.664 million
tonnes in June. Coke production is growing on the back of stronger demand,
the head of industry association Ukrkoks, Anatoly Starovoit said.
04.07.2007 Source: Ukrkoks
World Bank lowers Ukrainian inflation forecast to 9.7%
The World Bank has lowered its inflation forecast for Ukraine to 9.7%
from 10.9% for 2007. The GDP growth forecast was raised to 6% from 5.5%.
The World Bank has kept its GDP forecast at 5.5% for 2008 and at 5%
for 2009, while it has adjusted its inflation forecast for 2008 to 9.6%
from 9.4% and to 8.3% from 8.2% for 2009. The political crisis in Ukraine
has had almost no influence on the economy.
03.07.2007 Source: Interfax
Market News Archive 2007:
April-June
January - March
