bankruptcies
Opinions Industry bankruptcies
24 February 2020
Steelmaking is one of the industries where risk of default is always high
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- Industrial production in Ukraine declined by 5.6% in June
- The government established the Ministry of Strategic Industries
- Metinvest supplied 18.5 thousand tons of steel for a bridge in Genoa
- The government prolongs adaptive quarantine until 31 August
- Steelmakers and road builders agreed to step up slag recycling
- Poltava Mining is preparing a project to increase production to 24 million t
- Interpipe increased production in the railway segment by 4.1% in H1
- Philipp Englin joins GMK Center Supervisory Board
- The Parliament appointed Uruskyi as Vice Prime Minister for industry
- Ukraine’s exports of pig iron increased by 78.5% in June
- Companies
- Poltava Mining is preparing a project to increase production to 24 million t
- Interpipe increased production in the railway segment by 4.1% in H1
- Philipp Englin joins GMK Center Supervisory Board
- Dnipro Metallurgical Plant produced 13 thousand tons of steel in June
- Ferrexpo ramped up iron ore pellet production by 4.6% in H1
- Metinvest to raise €62 million to carry out an investment program
- Horst Wiesinger becomes Chairman of the GMK Center Supervisory Board
- Moody’s upgrades Metinvest’s corporate family rating to B2
- Moody’s upgrades Ferrexpo’s corporate family rating to B2
- Sustainalytics assigns ESG rating to Metinvest
- Ecology
- Steelmakers and road builders agreed to step up slag recycling
- The Ministry of Natural Resources named priorities of the climate policy
- Business advocates the increased use of slags in road construction
- Metinvest has invested ₴22.5 billion in the environment in Kryvyi Rih
- Business calls to impose moratorium on a hike in environmental tax
- AMKR invested over $180 million in ecological modernization
- Donetsk oblast was the first to use slags in road construction
- Environmental tax payments of Ukrainian steelmakers increased by 40% in 2019
- Environmental tax revenues totaled ₴47.9 million in January
- ArcelorMittal Kryvyi Rih to invest $700 mln in modernization
- Global Market
- Ukraine-made long products to enter non-traditional markets
- Steel consumption in Georgia in 2019 fell by 7.7%
- Steel consumption in Uzbekistan was 18% up in 2019
- Steel consumption in Azerbaijan declined by 26% in 2019
- Steel consumption in Kazakhstan grew by 12% in 2019
- Steel consumption in Belarus dropped by 11% in 2019
- GMK Center predicts a stronger impact of protectionism on the steel industry
- Metinvest was placed in the list of 50 top steel-producing companies
- The EEC resumed anti-dumping duty on Ukraine-made railway wheels
- Ukraine to seek simplified trade relations with the European Union
- Industry
- Industrial production in Ukraine declined by 5.6% in June
- Ukraine’s exports of pig iron increased by 78.5% in June
- Ukraine’s iron ore exports grew by 45% in June
- Ukraine’s pipe production in H1 declined by a third
- Ukraine’s steel production declined by 7.6% in H1
- Ukraine cut exports of pipes by 28.4% in H1
- Ukraine’s exports of ferroalloys in June decreased by a third
- Ukraine’s revenue from exports of ferrous metals declined by 19% in H1
- Ukraine increased exports of semi-finished products by 6.5% in June
- Construction output in May fell by 2%
- Infrastructure
- Metinvest supplied 18.5 thousand tons of steel for a bridge in Genoa
- Ukraine’s iron ore exports through seaports grew by 49% in March
- Rail transportation of metals fell by 5% in 2019
- Ukrainian seaports increased iron ore transshipment by one third in 2019
- Ukraine’s housing construction grew by 2% in 10 months
- Construction metal prices dropped by 10.5% over 10 months
- The construction output in Ukraine increased by 20.5% over 9 months
- Problems with vessel calls in the Sea of Azov in August and September
- In January to August, production of railway cars in Ukraine grew by 5.8%
- In the first 7 months of 2019, cargo traffic along the Dnieper increased by 3...
- Society
- Average salaries in the steel industry increased by 3.5% in May
- Interpipe allocated ₴36 million to support health care facilities
- Ferrexpo spent more than ₴21.5 million to help hospitals
- Average salaries in the mining & metals sector increased in all segments
- Rinat Akhmetov to donate ₴300 million to combat the coronavirus outbreak
- Ferrexpo to give $2.5 million in fight against the coronavirus
- Downsizing is what Ukrainian companies have in mind
- Employment in the steel industry fell again in November
- Employment in the steel industry decreased by 2.6%
- The number of steel workers dropped by 1,150 people over a month
- State
- The government established the Ministry of Strategic Industries
- The government prolongs adaptive quarantine until 31 August
- The Parliament appointed Uruskyi as Vice Prime Minister for industry
- The Ministry of Economy estimates a drop in Ukraine’s GDP at 5.9% in January–May
- National Bank: Ukraine’s real GDP may fall by over 5% in 2020
- The State Statistics Service reported a 1.3% GDP drop in Q1
- The Cabinet of Ministers prolongs adaptive quarantine until 31 July
- The government expects an 8% drop in Ukraine’s GDP in 2020
- Moody’s raised Ukraine’s credit rating to В3
- The NBU cut the interest rate from 8% to 6%
- Technologies
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- Mining & metals companies increased capital investment by 37% in 2019
- The peak price: high quotations play into the hands of mining companies
- Ukrainian steelmakers joined the fight against the coronavirus epidemic
- The misfortune came: the impact of the coronavirus on the steel industry
- The recession and revaluation inflicted losses on steelmakers
- Risks 2020: what steelmakers expect from the coming year
- Price review of the market of raw materials in the steel industry
- Falling sheet: price review of the flat products market
- Long products, low quotations: a review of the rebar market
- Pipe playing: how many steel products does the oil & gas industry consume?
- Companies
- Ecology
- Global Market
- The peak price: high quotations play into the hands of mining companies
- The misfortune came: the impact of the coronavirus on the steel industry
- Long products, low quotations: a review of the rebar market
- Two Ukrainian steel companies were left out of the game
- High iron ore prices boost exports of raw materials and rolled steel
- Russia introduces quotas for scrap exports: how will it affect Ukraine?
- Lower quotas, less steel: the EU steelmakers want tighter quotas
- Industry
- Mining & metals companies increased capital investment by 37% in 2019
- Ukrainian steelmakers joined the fight against the coronavirus epidemic
- The recession and revaluation inflicted losses on steelmakers
- Risks 2020: what steelmakers expect from the coming year
- Price review of the market of raw materials in the steel industry
- Falling sheet: price review of the flat products market
- Pipe playing: how many steel products does the oil & gas industry consume?
- Domestic steel: Ukrainian steel consumption in H1 2019
- Income from waste: Ukraine can double slag processing and exports
- What Ukrainian shipbuilders produced in 6 months
- Infrastructure
- Society
- State
- Technologies
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- Why the steel industry needs blockchain
- The rules have changed: protectionism is a new normal
- The impact of the quarantine: how to not lose the industry
- Why are there so many bankruptcies in the industry?
- Why the steel industry is not in a hurry to consolidate
- Challenge for the coming decades
- The TOP 6 risks for Ukraine’s steel industry in 2020
- On the verge. What is going on in Ukraine’s steel industry?
- The privatization is not a panacea
- Green steel production in Europe and in Ukraine
- Companies
- Ecology
- Global Market
- Industry
- The rules have changed: protectionism is a new normal
- The impact of the quarantine: how to not lose the industry
- Why are there so many bankruptcies in the industry?
- The TOP 6 risks for Ukraine’s steel industry in 2020
- On the verge. What is going on in Ukraine’s steel industry?
- Why should Ukrainian steelmakers invest in development?
- The reverse side of revaluation
- What new EU quotas mean for Ukrainian steelmakers
- What Ukrainian steelmakers can expect in 2019
- Raw materials exports are not economically backward. When can export of semi-...
- Infrastructure
- Society
- State
- Technologies
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- Mining & metals companies generate every eighth hryvnia of Ukraine’s GDP
- The global scrap market may shrink this year
- Consumers and shipment volumes of Ukrainian iron ore
- Capital investment in the mining & metals sector doubled in 5 years
- The industry recovers after a decline early this year
- How Ukraine’s steel industry resists global protectionism
- Environmental costs in the mining & metals sector grew by 25–30% in 2018
- The global market of hot-dip galvanized coils will continue to grow
- The situation in the ferroalloys market: production and exports
- The pace of growth in Ukraine’s construction sector increased
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- Horst Wiesinger: “Quality! That is my advice for Ukrainian steelmakers”
- Mauro Longobardo, “We believe the government will not allow a suspension”
- Anatoliy Kinakh, “We are losing entire sectors of economy”
- Anna Derevyanko, “We have a chance to equalize the terms for doing business”
- Gabriel Sauer: «Business should invest in clean technology»
- Ugur Dalbeler: “There will be further production cuts in steel sector”
- Robert J. Mateer: “Steel will win out over aluminum in the automotive”
- Horst Wiesinger: “Professionalism becomes increasingly important”
- Kristian Yerygin: “Slags can and should be used in road construction”
- Rostislav Shurma: “Our production target for 2019 is 4.3 mln tonn of pig iron”
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- ArcelorMittal Kryvyi Rih
- Pokrov GOK (Mining and Processing Plant)
- Marganets GOK (Mining and Processing Plant)
- Zaporizhzhia Iron Ore Plant
- Kryvyi Rih Iron Ore Plant
- Ingulets GOK (Mining and Processing Plant)
- Central GOK (Mining and Processing Plant)
- Nikopol Ferroalloy Plant
- Zaporizhzhia Coke Plant
- Yasynivka Coke Plant
- Coke
- Ferroalloys
- Flats
- Iron Ore
- ArcelorMittal Kryvyi Rih
- Pokrov GOK (Mining and Processing Plant)
- Marganets GOK (Mining and Processing Plant)
- Zaporizhzhia Iron Ore Plant
- Kryvyi Rih Iron Ore Plant
- Ingulets GOK (Mining and Processing Plant)
- Central GOK (Mining and Processing Plant)
- Ferrexpo Poltava Mining
- Sukha Balka GOK (Mining and Processing Plant)
- Northern GOK (Mining and Processing Plant)
- Longs
- Pipes
- Semis