Ukraine Metals Report 2016 - Business Monitor International - Industry Reports

Ukraine Metals Report 2016

Ukraine Metals Report 2016 - Business Monitor International - Industry Reports
Ukraine Metals Report 2016
Published Oct 31, 2015
33 pages — Published Oct 31, 2015
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Abstract:

While the political tensions and lack of economic reforms in Ukraine are the major risk to our near-term forecasts, over the medium term, however, the main risk is the rising cost of electricity caused by the increase in the price of energy imports. This will hit EAFs in particular, which produce much of the country s long steel needs, although they account for just -.- of output by process. ...The probability of capacity rationalisation precludes any return to pre----- levels of production. BMI forecasts ---- crude output at around --.-mnt with the recovery beginning with -.- growth in ----.A faster return to pre-recession levels could be achieved earlier if Metinvest brings forward its programme to double output to approximately --mntpa. Metinvest has said it would invest roughly USD-.-bn in its Yenakiyeve Iron and Steel Works to boost the plant s annual output to -.-mntpa from -.-mntpa. ...So far, however, the latest data shows that the company is not heading in the right direction if it is hoping to meet such targets: Metinvest s crude steel production fell -- q-o-q to -.--mn tonnes (mnt) in Q---, compared with -.-- mnt in Q---. Total iron ore concentrate output declined - q-o-q to -.-- mnt in the reported

...< ALACRA META ABSTRACT>After back-to-back years of contraction in both production and consumption in the metals sector in the Ukraine in ---- and ----, the sector turned a corner last year. Despite being rocked by the ongoing conflict with Russia and the subsequent political and economic uncertainty BMI estimates that the sector bounced back to post a -.- y-o-y gain in output and a -.- y-o-y increase in use. ...Figures recorded during the first eight months of ---- have certainly been supportive of this view. Metals trader Ukrainian Mining and Metallurgical Company has published data that shows that Ukrainian exports of steel products grew by -.- y-o-y to --.-mn tonnes in January-August ---- (latest available data). Ukraine s exports of pig iron totalled -.-mn tonnes in the reported period, up by -- y-o-y during the same time period. ...Metals trader Ukrainian Mining and Metallurgical Company has published data that shows that Ukrainian exports of steel products grew by -.- y-o-y to --.-mn tonnes in January-August ---- (latest available data). Ukraine s exports of pig iron totalled -.-mn tonnes in the reported period, up by -- y-o-y during the same time period.

...Ukraine s steel sector faces the threat of diminished demand in Europe, the country s largest export destination. However, some of this will be offset by increasing domestic demand. ...

  
Source:
Document ID
2040-6886
Country
Industry
Format:
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Ukraine Metals Report 2016" Oct 31, 2015. Alacra Store. Dec 08, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ukraine-Metals-Report-2016-2026-1002>
  
APA:
Business Monitor International - Industry Reports. (2015). Ukraine Metals Report 2016 Oct 31, 2015. New York, NY: Alacra Store. Retrieved Dec 08, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Ukraine-Metals-Report-2016-2026-1002>
  
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