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Photo – State support for industry does not correspond to the scale of losses

In the conditions of war, the Ukrainian government is constantly expanding credit and grant programs, but their volumes are minimal

Photo – Marginal electricity prices may increase by 50% in October 2022
Marginal electricity prices may increase by 50% in October 2022

Ukrainian industrial companies emphasize that this may lead to production stoppages

Photo – What does the eighth package of sanctions mean for the steel industry of the EU and the Russian Federation
What does the eighth package of sanctions mean for the steel industry of the EU and the Russian Federation

The European Commission expanded the list of restrictions, but postponed their entry into force until 2023-2024

Photo – European governments save steel industry from high electricity prices
European governments save steel industry from high electricity prices

Spot electricity prices vary across European countries, and governments are introducing packages of measures to overcome the energy crisis

Photo – The Cabinet of Ministers expects UAH 5.41 billion in rent payments for iron ore mining in 2023
The Cabinet of Ministers expects UAH 5.41 billion in rent payments for iron ore mining in 2023

Despite the problems with export logistics and the closed mining and proccesing plants, the government has budgeted large rents from iron ore mining in the next year

Photo – Steel sustainable development: Ukrainian iron and steel industry systematically supports people and the country during the war
Steel sustainable development: Ukrainian iron and steel industry systematically supports people and the country during the war

Humanitarian aid of Ukrainian iron and steel companies reached more than $100 million in six months

Photo – Western sanctions had almost no effect on the work of the Russian iron and steel industry
Western sanctions had almost no effect on the work of the Russian iron and steel industry

After 6 months of war, steelmakers from the Russian Federation are experiencing difficulties with exporting products and buying spare parts for equipment

Photo – The European energy crisis created new opportunities for Asian steel producers
The European energy crisis created new opportunities for Asian steel producers

Also, the rise in energy prices and the war in Ukraine put the ambitious green transition of European steelmakers on pause

Photo – Export intensification instead of import taxes
Export intensification instead of import taxes

Unblocking sea ports for iron&steel products will ensure growth of foreign exchange earnings and stabilization of the exchange rate

Photo – What Ukrainian steelmakers will receive as part of the grain agreement
What Ukrainian steelmakers will receive as part of the grain agreement

Given the weak demand, we should not count on a sharp increase in the export of mining&metals, but cargoes to Europe will go faster

Photo – Business negatively evaluates the new changes of the Cabinet of Ministers for subsoil users
Business negatively evaluates the new changes of the Cabinet of Ministers for subsoil users

The State Geology, on the contrary, believes that the changes will remove obstacles to the work of mining companies

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