Business news from Ukraine

Business news from Ukraine

Global stainless steel output down 5%

The world stainless steel output in January-March 2023 decreased by 5% year-on-year to 13.665 million tons, with production declining in all major regions except China, according to a press release from the world stainless association (The world stainless association, formerly the International Stainless Steel Forum, ISSF).
According to the information, in Europe in the first quarter of this year, stainless steel production decreased by 12% to January-March 2022 – to 1.637 million tons, in the U.S. – by 16% – to 478 thousand tons.
In Asia (excluding China and South Korea), stainless steel smelting decreased by 16.6% to 1.631 million tons, while in China it increased by 4.1% to 8.273 million tons.
Other regions (Brazil, Russia, South Africa, South Korea and Indonesia) recorded a 19.8% decrease in production to 1.646 million tons.
As reported, the output of stainless steel in the world for 2022 decreased by 5.2% to 55.255 million tons. At the same time, in Europe in 2022, the output decreased by 12.4% by 20221 to 6.294 million tons, and in the U.S. – by 14.8% to 2.017 million tons. In Asia (excluding China and South Korea), stainless steel smelting decreased by 4.9% to 7.411 million tons, while in China it declined by 2% to 31.975 million tons.
Other regions recorded a 9.1% decrease in production to 7.557 million tons.

Wheat production in Ukraine to reach 26.5 mln tons – NASA Harvest

NASA Harvest (Food Security and Agriculture Program) analysts, based on satellite analysis, forecast total wheat production in Ukraine in 2023 marketing year at the level of 25-26.5 million tons, of which 21-22 million tons will be harvested on the territory controlled by Kiev, another 4.1-4.4 million tons – on the temporarily occupied territories, the official website of NASA Harvest reports. According to satellite analysis, wheat yields will average 4.27 tons/ha for the whole of Ukraine, in particular 4.53 tons/ha on the controlled territory and 3.3 tons/ha on the occupied territory.
According to NASA Harvest, wheat acreage for the whole country is estimated to be between 5.8-6.2 million hectares, of which 4.6-4.9 million hectares in the controlled territories, 1.2-1.3 million hectares in the temporarily occupied territories.
“Overall, this year’s wheat production estimate is close to last year’s due to a smaller sown area and higher yields compared to last year, which will be slightly below the five-year (pre-war) average of 27.9 million tons. This assumes that all the wheat sown will be harvested and that satellites cannot provide information on who harvested the wheat and whether Ukraine will benefit economically from its fertile farmland,” NASA Harvest summarized.
Source: https://nasaharvest.org/news/farming-warzone-nasa-harvest-releases-satellite-based-ukraine-wheat-production-estimates

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Ukrainian market of electric cars has tripled – Ukravtoprom

Initial registrations of electric cars in Ukraine in January-June tripled compared to the same period of 2022 – up to 12.6 thousand units, including 2.8 thousand were new cars, 9.8 thousand – used , reported “Ukravtoprom” in Telegram channel.
At the same time, the share of new cars increased to 22% from 18% in January-June-2022.
As reported, in January-June 2022, 4.145 thousand electric cars were registered – 14% more than in the first half of 2021.
According to the association, the top 5 new electric cars of the first half of this year were formed by Volkswagen ID.4 (899 units), DongFeng/Honda M-NV (497), Volkswagen ID.6 (168), Honda e (146) and BMW iX – 87.
In the used segment, the Nissan Leaf (1,921 units) leads steadily and by a wide margin. Next are Volkswagen e-Golf (940), Tesla Model 3 (908), Volkswagen ID.4 (724) and Tesla Model Y – 637.
Earlier “Ukravtoprom” also reported in the Telegram channel that in the market of new passenger cars in Ukraine in January-June the share of electric cars increased by 4 p.p. – to 10%, the share of hybrids increased to 18% (by 5 p.p.), while the share of cars with gasoline engines decreased from 57% to 49%, diesel cars – to 22% (by 1 p.p.),
“The growing demand for hybrids and battery-powered cars is rapidly changing the structure of the market,” Ukravtoprom noted.
As reported, Ukrainians in 2022 bought 13.6 thousand electric cars – 1.5 times more than a year earlier, while the share of new ones increased to 17% from 14%.

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“Silpo” has increased turnover by 6.1%

Silpo-Food LLC, which is a part of Fozzy Group (Kiev) and which develops a network of food supermarkets Silpo in Ukraine, has increased turnover by 6.1% in 2022 compared to 2021 – up to UAH 62.4 bln.
According to Silpo Food’s annual management report for 2022, the company’s total revenue decreased by 3.8% compared to 2021 and amounted to UAH 70 bln. Long-term liabilities by the end of the year amounted to UAH 16 billion, current liabilities amounted to UAH 28.3 billion.
According to the results of 2022, the company increased its net loss by 4.1 times – up to UAH 7.6 billion. Gross profit decreased by 6.9% – to UAH 19.2 bln, operating loss increased 2.8 times – to UAH 1.1 bln.
As indicated in the report, at the end of last year, the network “Silpo” together with delicatessen markets Le Silpo had 305 supermarkets with a total area of 428 thousand square meters in 71 cities of Ukraine. A total of eight new supermarkets of the chain were opened in 2022. The work was suspended 18 supermarkets of the chain located in the temporarily occupied territory, 48 objects were restored after de-occupation and damage.
According to the report, in 2023 the company plans to expand its supermarket chain by 10 sites to 315 stores, and by 2025 to increase their number to 365 (excluding potentially de-occupied or reconstructed sites).
Silpo Food LLC was established in early August 2016. According to Opendatabot, the founder of the LLC is Closed Non-Diversified Venture Corporate Investment Fund “Retail Capital” (100%, Kiev), the ultimate beneficiary is Vladimir Kostelman.
As of June 2023, the Silpo chain has more than 309 supermarkets, including four Le Silpo delicatessen stores. It is part of the Fozzy Group trade and industrial group.
Fozzy Group is one of the largest Ukrainian retailers with more than 690 outlets throughout the country. The company develops retail chains of various formats: supermarkets Silpo, wholesale hypermarkets Fozzy Cash & Carry, convenience stores Fora, discounters Thrash!, pharmaceutical supermarkets Bila Romashka, personal electronics stores Ringoo.

80% of Ukrainian cancer patients paid for treatment at their own expense

About 80% of Ukrainian cancer patients paid for treatment at their own expense, after the beginning of the full-scale invasion 8% of cancer patients moved within the borders of Ukraine, 16% of cancer patients moved abroad.
Such data is given by experts of Global Medical Knowledge Alliance, Inspiration Family, OncoHub and National Cancer Institute, based on the data of the study of the impact of full-scale war in Ukraine on cancer treatment.
According to the study, cancer patients were more likely to pay more for diagnostic tests, surgical treatment and chemotherapy.
Overall waiting times for treatment were longer in frontline regions, and radiotherapy and chemotherapy were more affordable in regions less affected by the war and the influx of internally displaced persons.
In addition, the survey found that 21% of respondents migrated because of the need to continue cancer treatment; 14% left because of the fighting.
The researchers note that despite this, the overall availability of cancer treatment did not change compared to pre-war times, overall wait times for medical care after the start of the full-scale invasion were higher in frontline and active warfare regions.
The survey included 289 patients from all regions of Ukraine who started cancer treatment before the Russian invasion. Of these, 39% of the respondents had stage I or II cancer, 38% – stage II, and 28% – stage IV.

Ukraine has reduced output of steel products by 40%

Ukrainian metallurgical enterprises in January-June this year reduced production of general rolled products, according to operational data, by 41% compared to the same period last year – up to 2.375 million tons.
According to the Ukrmetallurgprom association on Saturday, steelmaking in the first six months of this year decreased by 37.7% compared to January-June-2022 – to 2.829 million tons.
Iron smelting for this period decreased by 37.5% to 2.836 million tons.
As reported, Ukraine in the first five months of 2023 reduced output of rolled products by 47.8% compared to the same period last year – to 1.982 million tons, steel by 43.7% to 2.392 million tons, pig iron by 43.9% to 2.350 million tons.
Ukraine in 2022 reduced production of total rolled products by 72% year-on-year to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.
For 2021, 21.165 million tons of pig iron (103.6% by 2020), 21.366 million tons of steel (103.6%), 19.079 million tons of rolled products (103.5%) were produced.