März 2008
Im Rahmen der Hannover Messe 2008 findet am Mittwoch, den 23. April
2008 von 10 bis 16 Uhr, der Deutsch-Ukrainische Wirtschaftstag
statt. Der Deutsch-Ukrainische Wirtschaftstag wird vom Wirtschaftsministerium
und vom Staatliche Research- und Informationszentrum der Ukraine
DerzhZovnishInform (DZI) in Zusammenarbeit mit DIHK, Ost-Ausschuss
der deutschen Wirtschaft e.V., Delegation der Deutschen Wirtschaft
in der Ukraine, Handels- und Wirtschaftsmission der Botschaft der
Ukraine und Deutsche Messe veranstaltet. Neben dem Wirtschaftsminister
der Ukraine Bohdan Danylyschin sowie dem Minister für Industriepolitik
Wolodymyr Nowyzkyi garantieren weitere hochrangige Teilnehmer aus
Politik, Verwaltung, Verbänden und Industrie für eine
interessante und hochinformative Veranstaltung. Um 15.45 Uhr wird
der Deutsch-Ukrainische Wirtschaftstag in entspannter Atmosphäre
bei einem Empfang des Ukrainischen Wirtschaftsministerium ausklingen.
Weitere Informationen durch Frau Katrin A. Morosow, Ost- und Mitteleuropa
Verein e. V., Ferdinandstraße 36, 20095 Hamburg, Tel.: 040/32525739,
Fax: 040/ 323578, Email: morosow@o-m-v.org
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Februar 2008
Ukraine's accession to WTO to add 1.9% to GDP growth
Ukraine's accession to the World Trade Organization will boost
exports of Ukrainian goods and add 1.9% to the GDP growth, First
Deputy Economy Minister Anatoliy Maksiuta told the press on Tuesday.
"We expect that the welfare of people will grow and the GDP
will grow by 1.9%. It is possible to expect the growth in exports
of goods by USD 1.4 billion," he said. The main task of the
government was to improve the competitive ability of the national
economy.
27.02.2008 Source: Ministry of Economy of Ukraine
Industry Ministry submits draft resolution of creation of
state vertically integrated holding in titanium production
The Industry Ministry of Ukraine has drawn up and submitted to
the cabinet a draft resolution on the creation of a state vertically
integrated holding in titanium production, Deputy Industry Minister
Serhiy Hryschenko, said on Tuesday. He said that the document
was drawn up in the fulfillment of a cabinet instruction. It stipulates
the development of the metallurgical and chemical sectors in titanium
production. As reported, board chairman of the OJSC Sumykhimprom,
Yevhen Lapin, said that the creation of the national joint-stock
company Titan Ukrainy, in which the state would control a 50%
+1 share stake, would result in control of up to 25% of the world's
titan-magnesium ore deposits.
27.02.2008 Source: Interfax
Ukraine still eighth biggest steelmaker in the world
Ukraine remained the eighth largest of the world's 67 main steel
producing countries in January 2008, and it increased steel production
by 0.8% year-over-year to 3.642 million tonnes. Along with Ukraine,
the top ten steelmakers in January 2008 were China (40.892 million
tonnes, a 7.3% rise), Japan (10.25 million tonnes, a 1.8% rise),
the United States (8.4 million tonnes, a 11.4% rise), Russia (6.53
million tonnes, a 3.4% rise), India (4.799 million tonnes, a 8.8%
rise), South Korea (4.35 million tonnes, a 0,8% decline), Germany
(4,108 million tonnes, a 4,9% fall), Brazil (3,070 million tonnes,
a 13.6% rise) and Italy (2.85 million tonnes, a 6.6% rise). In
January, Ukrainian producers increased steel output by 74,000
tonnes compared to December 2007. In January 2008, the key steel
producers, accounting for 98% of world output, smelted 113.039
million tonnes of steel, which was 4.9% up on January 2007.
23.02.2008 Source: The International Iron and Steel Institute
(IISI)
Ukrainian steel traders see sales soar 63% in February
Ukrainian traders sold 208,755 tonnes of rolled steel products
in February, 63.2% more than in the previous month, Ukrainian
Metal Traders Association president Andriy Fedoseyev, citing tentative
figures. Traders increased imports of rolled steel products by
180% to 39,403 tonnes. The Metal Traders Association includes
21 metal traders in various parts of Ukraine and is one of the
organizers of the Metal-Forum of Ukraine.
20.02.2008 Source: Interfax
Ukraine to carry on projects for manufacture of AC/DC electric
lokomotives
Ukraine plans to continue the implementation of a project for
the manufacture of alternating current/direct current (AC/DC)
electric locomotives, said Andrea Raffaseder, the Director General
of Kyiv-based Siemens Ukraine, a subsidiary of Siemens AG of Germany.
According to her, the company plans to draft within a year blueprints
for such a locomotive, with the simultaneous production of the
two prototypes in Germany and certification in Ukraine. After
this, she said, it would be possible to produce a pilot batch
of eight locomotives by 2009. Further plans foresee the beginning
of mass production after 2009. Mass production plans by 2014 foresaw
the manufacture of 50 such locomotives.
19.02.2008 Source: Interfax
EUROMETAL forecasts consolidation of metal producers in CIS
The European Association of Steel Service Centers (Eurometal)
forecasts near-term consolidation in the CIS steel sector, which
has the potential to change the face of the global steel market.
Eurometal expects the market to be quickly concentrated into one
or two major players, association Vice President Jurgen Nusser
said in Moscow at the CIS Metallurgical Summit. There are a host
of CIS metals companies - major players on their own markets -
that have operations on the European market: Russia's Severstal,
Evraz Group, and Novolipetsk Iron & Steel Company (NLMK);
and Ukraine's System Capital Management and Industrial Union of
Donbass. He noted Ukraine has virtually entered the WTO and Russia
will join next year, after which quotas on deliveries of steel
to the EU will be canceled. The world market is currently dominated
by a group of 15 major players that define the situation. They
include Indian companies, CIS companies and others, he said.
18.02.2008 Source: Interfax
Ukraine, EU start talks on free trade zone
Ukrainian President Viktor Yuschenko and European Commissioner
for Trade Peter Mandelson announced at a meeting that talks on
the creation of a free trade zone between Ukraine and the European
Union have formally begun in Kyiv on Monday.The president stressed
that the main goal of Ukraine is to reach a political decision
on the creation of free trade zone between Ukraine and the EU
by this September.
18.02.2008 Source: Interfax
Growth of FDI in Ukraine in 2007 estimated at USD 7.88 billion
The growth of foreign direct investment (FDI) in Ukraine in 2007
was estimated at USD 7.882 billion, which was 67.1% up on 2006.
Foreign investors injected USD 8.711 billion in direct investments
into Ukraine's economy in 2007, while withdrawing USD 1.178 billion.
The overall amount of FDI in Ukraine by January 1, 2008, was USD
29.489 billion.
18.02.2008 Source: State Statistics Committee of Ukraine
Ukrainian companies' net profit up 1.7 times in 2007
Ukrainian companies in 2007 saw UAH 121.4 billion in pretax profit
from their activities, which was 1.7 times more year-over-year.
Last year 71.1% of Ukrainian companies finished 2007 in profit
- the total volume being UAH 147.2 billion, which is 1.5 times
more year-over-year, while 28.9% of Ukrainian companies made a
combined UAH 25.8 billion loss, which is 1.1 times more year-over-year.
18.02.2008 Source: State Statistics Committee of Ukraine
GDP 4.9% up in January
In January, real gross domestic product rose by 4.9%, compared
to January 2007, to UAH 57,720 million. As earlier reported, the
Cabinet of Ministers has retained the outlook for GDP growth at
the level of 6.8% for 2008. The World Bank retained the GDP growth
outlook at the level of 5.5% and downgraded the inflation outlook
from 9.6% to 13.8% for 2008. In 2007, real gross domestic product
rose by 7.3%, compared to 2006.
16.02.2008 Source: State Statistics Committee of Ukraine
Ukraine ups iron ore exports 14.4% in January
Ukraine raised iron ore exports tentatively 14.4% year-on-year
in January to 1.837 million tonnes. Iron ore concentrate exports
grew 96.7% to 439,200 tonnes, pellet exports edged up 0.7% to
778,500 tonnes.
14.02.2008 Source: Ukrrudprom
Ukraine reduces scrap metal exports 7.1% in January
Ukraine exported 40,800 tonnes of scrap ferrous metal in January,
7.1% less than a year earlier, according to preliminary figures
from the UAVtormet scrap industry association. Scrap merchants
shipped 403,000 tonnes to domestic steelmakers in January. UAVtormet
reported earlier that Ukraine exported 688,300 tonnes of scrap
ferrous metal in 2007, 7.8% less than a year earlier, according
to preliminary figures. UAVtormet head Ivan Zaitsev said at a
metals and mining industry review in January that scrap procurements
have been hovering around 7.7 million tonnes annually for the
past three years. Ukrainian steelmakers have requested 8 million
tonnes of scrap for 2008, but merchants will not be able to deliver
so much this year, he said. He urged steel companies to base their
plans on actual supply, and to import scrap from other countries
if possible.
14.02.2008 Source: UAVtormet
Traders forecast 20% growth for Ukrainian steel market
Demand for rolled steel products in Ukraine will grow 21% to 11.5
million in 2008, Ukrainian Metal Traders Association president
Andriy Fedoseyev told. The domestic market will expand on the
back of growth in the engineering sector and construction, he
said, adding that steel consumption will increase with the acceleration
of reconstruction and equipment updates in light of Ukraine's
accession to the World Trade Organization. Ukraine's domestic
steel roll market grew 26.5% to 9.453 million tonnes in 2007.
Metal traders accounted for 30% of consumption on the domestic
market, up from 28% in 2006. Ukrainian Association of Metal Traders
is one of the organizers of the Metal-Forum of Ukraine.
11.02.2008 Source: Interfax
Ukrainian steel exports to Russia up 18%, as imports jump
38%
Ukraine increased exports of rolled steel products to Russia by
18% to 2.6 million tonnes in 2007, while imports from Russia jumped
38% to 1.3 million tonnes. Ukraine exported 2.2 million tonnes
of rolled steel products to Russia in 2006, which was 16% more
than in the previous year, Ukrainian Metal Traders Association
president Andriy Fedoseyev said. Imports of such products from
Russia, meanwhile, surged 56% in 2006, to 0.9 million tonnes.
Flat products made up about 57% of Ukrainian steel roll exports
to Russia, and long products made up the remainder. Ukrainian
Association of Metal Traders is one of the organizers of the Metal-Forum
of Ukraine.
09.02.2008 Source: Interfax
Industrial output 5.7% up in January
Ukraine's industrial output in January 2008 was 5.7% up on January
2007, whereas industrial output in January 2007 was 16.3% up on
January 2006. As was reported earlier, industrial production in
Ukraine in 2007 grew by 10.2% from 2006, whereas the growth rate
in 2006 was lower - 6.2%. The Economy Ministry forecast that in
2008 industrial production growth in Ukraine might slow down to
7.8%.
09.02.2008 Source: State Statistics Committee of Ukraine
Ukrainian coke production up 10% in January
Ukraine increased production of 6%-moisture metallurgical coke
by 9.9% year-on-year to 1.821 million tonnes in January, according
to preliminary figures. Coke producers managed to increase output
despite the shortage of coking coal caused by growing demand,
including by importing coal from Russia, Kazakhstan, the United
States and Canada, the head of industry association Ukrkoks, Anatoliy
Starovoit told. He said Ukraine imported 682,600 tonnes of enriched
and regular coking coal from Russia in January, 96,000 tonnes
from Kazakhstan and 117,500 tonnes from the United States and
Canada. Coking plants also received 1.683 million tonnes of coking
coal and concentrate from domestic producers.
07.02.2008 Source: Ukrkoks
Ukrainian pipe production drops 19% in January
Ukraine decreased production of ferrous metal pipes by 18.5% year-on-year
to 165,100 in January 2008. However, a spokesman for major pipe
products merchant Trubokomplekt, Oleh Pokhilko said there is still
demand on the domestic market for small and medium pipes. He said
all pipe manufacturers have raised prices, but a number of traders
still sell pipes at below factory-gate prices because they have
large inventories. However, this situation will not last more
than a month, after which prices will equalize, Pokhilko said.
07.02.2008 Source: Ukrtruboprom
Ukraine boosts pipe exports to Russia 7% in 2007, import down
26%
Ukrainian companies boosted steel pipe exports to Russia tentatively
7% to 800,000 tonnes while Russian pipe imports decreased 26%
to 20,000 tonnes in 2007, said Andrei Fedoseyev, president of
the Ukrainian Association of Metal Traders. Fedoseyev said that
in 2006 Ukraine exported 700,000 tonnes of piping to Russia, up
55% in comparison with 2005. Import of Russian production to Ukraine
in this period increased 23% to 27,000 tonnes. The share of Ukrainian
deliveries to Russia came to 55% in 2007. "According to our
estimates, deliveries of Ukrainian pipes to Russia will come to
900,000 million tonnes while Russian exports to Ukraine will reach
20,000-25,000 tonnes," Fedoseyev said. Ukrainian Association
of Metal Traders is one of the organizers of the Metal-Forum of
Ukraine.
07.02.2008 Source: Interfax
Ukraine reaches agreement on accession to WTO
Ukraine and the World Trade Organization have reached agreement
on admission of Ukraine into the organization. President Viktor
Yuschenko and WTO Director-General Pascal Lamy signed the protocol
on admission of Ukraine into the WTO. Ukraine must ratify the
relevant documents by July 4, 2008. Ukraine will become a member
of the WTO within 30 days after the ratification. The WTO membership
will ensure that Ukrainian goods have freer access to markets
of other countries and foreign goods freer access to the Ukrainian
market. The WTO has over 150 member-countries.
06.02.2008 Source: Ukrainian News Agency
Ukraine uses 75% of Russia's cold-rolled steel quota as of
Feb. 1
Ukrainian steel mills from July 1, 2007 to February 1, 2008 obtained
licenses to ship 150,000 tonnes of cold-rolled steel, or 75% 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.
06.02.2008 Source: Ukrainian Ministry of Economy
Ukraine uses 4% of Russian rebar quota in January
Ukrainian steel mills in January 2008 obtained licenses to ship
13,105 tonnes of rebar, or 3.97% of the annual quota for the current
year (330,000 tonnes). As reported, 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.
06.02.2008 Source: Ukrainian Ministry of Economy
Ukraine uses almost 10% of EU rolled steel quota in January
Ukrainian steel mills in January 2008 obtained licenses to ship
132,931 tonnes of rolled steel, or 9.82% of the country's 2007
quota of 1.353 million tonnes of rolled steel for the European
Union. Since the beginning of the year, steel mills received licenses
to export 13,225 tonnes of SA1 category flat roll in coils to
the EU, or 6.79% of the quota for this commodity; 51,446 tonnes
of SA2 uncoiled flat roll, or 12.87% of the quota; and 3,855 tonnes
of SA3 flat roll, or 2.69% of the quota. They were licensed to
export 13,360 tonnes of SB2 commodities, or 6.68% of the quota;
and 51,045 tonnes of SB3 semi-finished and wire rods, or 14.03%
of the quota. Steel mills did not obtain licenses to ship SB1
semi-manufactures and shapes and sections. As reported, the Ukrainian
cabinet has set the steel export quota for the European Union
at 1.353 million tonnes, which is 2.5% more than in 2007.
06.02.2008 Source: Ukrainian Ministry of Economy
Ukraine uses almost 7% of quota for steel plate shipments
to US in January
Ukrainian metallurgical enterprises received licenses in January
2008 to supply 10,330 tonnes of cut carbon steel plate to the
United States, or 6.86% of its annual quota (150,638 tonnes).
As was reported, the Ukrainian Economy Ministry and the U.S. Department
of Commerce approved the cut carbon steel plate export quota for
the United States at 150,638 tonnes until October 31, 2008, while
this quota for 2007 was 142,111 tonnes. In 2007, Ukrainian exporters
received licenses for the supply of 61,257 tonnes of cut-to-length
carbon steel plate to the United States, which was 43.11% of that
year's annual quota.
06.02.2008 Source: Ukrainian Ministry of Economy
Ukraine reduces steel roll output 1% in January
Ukraine's steel industry reduced finished roll output 1% year-on-year
in January to 3.056 million tonnes. Ukraine produced 3.642 million
tonnes of crude steel, up 1%, and 3.012 million tonnes of pig
iron, up 2% year-on-year. Steel pipe production plummeted 19%
to 165,000 tonnes.
Iron ore concentrate production grew 7% to 5.358 million tonnes
but prepared iron ore fell 3% to 5.919 million tonnes, including
pellets - 2% to 1.826 million tonnes and sinter ore - 3% to 4.093
million tonnes. Crude iron ore production rose 6% to 6.695 million
tonnes.
The ministry said overall roll output fell due to problems with
iron ore and coke deliveries to Zaporizhstal, one of the country's
biggest steel mills. However these have now started to recover
following the signing of a long-term contract with the Metinvest
group.
05.02.2008 Source: Interfax
Nigeria seeking broader cooperation with Ukraine in metal
industry
Ukrainian Ambassador to Nigeria Oleh Skoropad met with Minister
of State for Mines and Steel Development of Nigeria Ahmed Gusau
on January 30. The ambassador informed the minister of the way
the Ukrainian metallurgical sector is developing, the participation
of Ukrainian specialists in the development of the same sector
in Nigeria, at the metal mills in Jos and Ajaokuta in particular.
The minister said his country has a good knowledge of Ukraine's
potential in the area of metallurgy and, therefore. He expressed
support for the project of modernization of rolling mills in Jos,
which is conducted with the participation of Ukrainian investors,
and indicated hope that Ukrainian specialists will be also invited
to take part in the process of expanding the metallurgical complex
in Ajaokuta. The minister invited Ukrainian businessmen to take
part in the development of mineral deposits in Nigeria, coal,
zinc and lead deposits in particular.
01.02.2008 Source: Ukrainian News Agency
Januar 2008
GDP 7.3% up in 2007
In 2007, real gross domestic product rose by 7.3%, compared to
2006. This was disclosed by the State Statistics Committee at
its official site entitled "Major indicators of social and
economical development of Ukraine". The Cabinet of Ministers
has set its 2008 major macroeconomic indicators, in particular,
GDP growth at 7.2%, and inflation outlook at 6.8%.
18.01.2008 Source: State Statistics Committee of Ukraine
Steelmakers plan to produce 40.6 million tons of rolled product
in 2008
Ukrainian steelmakers plan to produce 38.3 million tons of pig
iron, 46 million tons of crude steel and 40.6 million tons of
rolled products in 2008, the head of industry association Metallurgprom,
Vasyl Kharakhulakh said at an industry meeting. The country produced
35.6 million tons of pig iron, 42.8 million tons of crude steel
and 36.2 million tons of finished roll in 2007, according to tentative
figures, so production could increased by respectively 7.6%, 7.5%
and 12.2% this year. Industrial Association Metallurgprom is one
of the organizers of the Metal-Forum of Ukraine.
18.01.2008 Source: Ukrainian Journal
Ukraine to join with EU to raise EUR 2.5 billion to upgrade pipelines
Ukraine, jointly with the European Union, plans to raise 2.5 billion
euros over the next five years to upgrade its oil and natural
gas pipelines moving energy resources from Russia to Europe. The
plan, disclosed by the Ukrainian energy and fuel ministry Friday,
calls for a special donor conference, perhaps between July and
September, which would help to raise the cash.
18.01.2008 Source: Ukrainian Journal
Steel mills alarmed about planned increase in rail cargo tariffs
Ukrainian steel mills are alarmed at the planned increase in railway
tariffs for cargo shipments, which will yield additional costs
of around UAH3.3 billion, Vasyl, Kharakhulakh, the director general
of industry association Metallurgprom said at a meeting of representatives
of mining and metallurgical companies. He said that additional
expanses would cut the steel mill's profit. Kharakhulakh said
that Ukrainian steel mills in 2007 saw UAH13.7 billion in pretax
profit and their average profitability was 16.3%, while in 2006
it was 15.7%. Industrial Association Metallurgprom is one of the
organizers of the Metal-Forum of Ukraine.
17.01.2008 Source: Ukrainian Journal
Yuschenko suggests canceling licensing of scrap metal procurement
and processing
President Viktor Yuschenko proposes that the Verkhovna Rada abolish
licensing of procurement and processing of scrap metal. As he
noted, the main aim of the draft laws is to significantly simplify
permissive and regulating procedures in entrepreneur activity,
bringing them closer to European standards, particularly reducing
the number of activities that are subject to licensing. The Ukrainian
Metal Scrap Association says the Secretariat's initiative to cancel
licensing of scrap metal is an inexpedient step.
17.01.2008 Source: Ukrainian News Agency
Ukrainian industrial production up 10.2% in 2007
Industrial production in Ukraine grew 10.2% in 2007 following
growth of 6.2% in 2006. Industrial production grew 5.5% in December
2007 compared to December 2006, the lowest growth level over the
previous 12 months. Industrial output edged up 0.3% in December
compared to November. Growth in the manufacturing industry totaled
11.7% in 2007 with the biggest rise seen in the machine building
industry at 28.6%. The Ukrainian Economics Ministry has predicted
that growth in industrial production could slow to 7.8% in 2008.
11.01.2008 Source: State Statistics Committee of Ukraine
Ukraine uses almost 93% of EU rolled steel quota in 2007
Ukrainian steel mills in 2007 obtained licenses to ship 1.231
million tonnes of rolled steel, or 93.27% 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 166,616 tonnes of SA1
category flat roll in coils to the EU, or 87.69% of the quota
for this commodity; 387,929 tonnes of SA2 uncoiled flat roll,
or 99.47% of the quota; and 113,965 tonnes of SA3 flat roll, or
81.4% of the quota. They were licensed to export 49,983 tonnes
of SB1 semi-manufactures and shapes and sections, or 99.97% of
the quota; 195,000 tonnes of SB2 commodities, or 100% of the quota;
and 317,680 tonnes of SB3 semi-finished and wire rods, or 89.49%
of the quota. The Ukrainian cabinet has set the steel export quota
for the European Union at 1.353 million tonnes, which is 2.5%
more than in 2007.
11.01.2008 Source: Ministry of Economy of Ukraine
Ukraine uses 53% of Russia's cold-rolled steel quota in 2007
Ukrainian steel mills in 2007 obtained licenses to ship 106,250
tonnes of cold-rolled steel, or 53.13% 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. 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.
11.01.2008 Source: Ministry of Economy of Ukraine
Ukraine uses 43% of quota for steel plate shipments to US in
2007
Ukrainian metallurgical enterprises received licenses in 2007
to supply 61,257 tonnes of cut carbon steel plate to the United
States, or 43.11% of its annual quota. The quota for 2007 was
increased to 142,111 tonnes from 138,106 tonnes for 2006.
11.01.2008 Source: Ministry of Economy of Ukraine
Steel makers in Ukraine improve results in 2007
Ukrainian steel makers saw better results in 2007 due to an increase
in the transparency of their managing structures, a rise in production
and increases in the world price of steel, according to a review
of Kiev-based Dragon Capital. "Ukrainian steel companies
reported much better performance over the first nine months of
2007 thanks to improved financial disclosure and higher steel
prices. At the same time, steelmakers benefited from relatively
stable input costs in Q2-Q3 2007 as steel prices rose 20-35% year-on-year
over the period," Ivan Kharchuk, the Dragon Capital analyst,
said. He said that the companies received opportunities to increase
sales by 34-37% and improved EBITDA by 45-107%, increasing their
average EBITDA margin by 4.1 percentage points, to 19.5%. Kharchuk
said that domestic steel companies would face another gas price
hike of 31% to USD 220 per thousand cubic meters next year. The
analyst said that raw materials self-sufficient companies will
be in a more advantageous position.
10.01.2008 Source: Dragon Capital
Cabinet sets EU steel export quota at 1.353 million tons,
up 2.5%
The Ukrainian cabinet has set the steel export quota for the European
Union at 1.353 million tons, 2.5% more than in 2007.On the list
of goods, exports and imports of which are to be licensed and
quotas for 2008, the SA1 category flat roll in coils export quota
was increased from 190,000 tons in 2007 to 194,750 tons in 2008,
the SA2 uncoiled flat roll export quota from 390,000 tons to 399,750
tons, and the SA3 flat roll export quota from 140,000 tons in
2007 to 143,500 tons.
10.01.2008 Source: Ukrainian Journal
Ukraine uses 36% of Russian rebar quota in 2007
Ukrainian steel mills in January through November 2007 obtained
licenses to ship 40,988 tonnes of rebar, or 36.6% of the annual
quota for the last year (112,000 tonnes). As reported, 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. The 2008 quota is 330,000 tonnes, incl. 49,500
tonnes for Q1 and Q2 each, and 115,500 tonnes for Q3 and Q4 each.
10.01.2007 Source: Ministry of Economy of Ukraine
Ukraine attractive for Japanese business
Ambassador of Japan to Ukraine Mutsuo Mabuchi considers that Ukraine
is an attractive site for investments by Japanese business. "Talking
about the general position of Japanese businessmen ,it is safe
to say that they choose Ukraine as a place for investments,"
he told journalists at a press conference in Kyiv on January 10.
Mabuchi said that lately, the number of Japanese businessmen working
in and visiting Ukraine, and in particular Kiev, had increased.
10.01.2008 Source: Interfax
Ukraine ups steel production 5% in 2007
Ukraine's steel industry increased finished roll output 5% in 2007
compared with 2006 to 36.168 million tonnes. Ukraine produced 42.83
million tonnes of crude steel, 5% more than in 2006, and 35.647
million tonnes of pig iron, up 8%.
Steel pipe production fell 1% to 2.604 million tonnes.
Iron ore concentrate production grew 7% to 60.969 million
tonnes and prepared iron ore - 6% to 72.117 million tonnes, including
pellets - 7% to 22.374 million tonnes and sinter ore - 5% to 49.743
million tonnes. Crude iron ore production rose 6% to 77.429 million
tonnes.
Ukrainian coke production rose 5% to 20.143 million tonnes
and metalware output was down 1% to 426,830 tonnes.
Scrap deliveries to Ukrainian steel mills were level with 2006 at
7 million tonnes.
The ministry said production by the sector jumped at the start of
2007 because the weather was mild, unlike the same period of 2006,
when the weather was severely cold and gas supplies to steel mills
were restricted. Trends had deteriorated a little since May but
the market started to pick up by the end of 2007, the ministry said.
09.01.2008 Source: Ministry of Industrial Policy of Ukraine
Cabinet introduces licenses for export of precious metals
in 2008
The Cabinet of Ministers has introduces licenses for export of
precious metals in 2008. The Cabinet of Ministers established
the following export quotas: 1,000 kilograms of silver (including
silver plated with gold or platinum) in the unprocessed or semi-processed
form as well as in powder form (excluding banking metals), 80
kilograms of gold (including platinum-plated) in the unprocessed
or semi-processed form as well as in powder form (excluding banking
metals), 300 kilograms of gold waste and scrap, and 200 kilograms
of silver waste and scrap. Export licenses are to be issued by
the Finance Ministry. Export and import of precious metals that
are considered banking metals are subject to licensing by the
National Bank of Ukraine.
09.01.2008 Source: Ukrainian News Agency
Ukraine's coke imports spike following explosions at Zasyadko
mine
Ukraine's imports of coke, a raw material used for steelmaking,
increased 37.6% on the month in November following a shutdown
of the country's biggest coking coal producer due to a series
of recent explosions. Ukraine's imports of coke rose to 195,150
metric tons in November, up from 141,780 tons imported in October,
the State Statistics Committee reported.
08.01.2008 Source: Ukrainian Journal
Ukraine reduces coal production 6% in 2007
Ukraine reduced coal production by 6% or by 4.82 million tonnes
in 2007 to 75.437 million tonnes. Last year, production of coking
coal fell 5.8% or 1.749 million tonnes to 28.396 million tonnes,
and output of steam coal dropped 6.1% or 3.071 million tonnes
to 47.041 million tonnes. Ukrainian coalmines fulfilled 98.9%
of the ministry's coal production target for 2007, including 113%
for coking coal and 91.9% for steam coal.
04.01.2008 Source: Ukrainian Coal Industry Ministry
Inflation in Ukraine hits record high of 17% in 2007
Inflation in Ukraine in 2007 hit a record high of 17%, said Prime-Minister
Yulia Tymoshenko. "The inflationary processes need to be
urgently stopped, and this work must be done strictly in line
with World Trade Organization membership requirements," she
added. The State Statistics Committee has not yet officially announced
inflation over the whole of 2007, although it is already clear
that the figure will be the highest since 2000, when it was 25.8%
(December over December).
04.01.2008 Source: Interfax
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