National bank of Ukraine’s official rates as of 27/10/20
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of October 27
One troy ounce=31.10 grams
Ukraine’s metallurgical enterprises in September 2020 reduced steel production by 5.4% compared to the same period in 2019, to 1.651 million tonnes, ranking 13th among 64 countries, the world’s main producers of these products compiled by the World Steel Association (Worldsteel).
In September, a drop in steel production from September 2019 was recorded in most of the top ten countries, except for India, Japan, the United States and Germany.
The top ten steel producing countries in September are as follows: China (92.555 million tonnes, an increase of 10.9%), India (8.52 million tonnes, a drop of 2.9%), Japan (6.486 million tonnes, a drop of 19.3%), Russia (5.86 million tonnes, 0.8% up), South Korea (5.831 million tonnes, 2.1% up), the United States (5.709 million tonnes, a drop of 18.5%), Turkey (3.225 million tonnes, an increase of 18%), Germany (3.018 million tonnes, 9.7% down), Brazil (2.574 million tonnes, an increase of 7.5%), and Vietnam (2.321 million tonnes, an increase of 45.3%).
They are followed by Iran (2.26 million tonnes, an increase of 2.2%), Italy (1.894 million tonnes, a drop of 18.7%), Ukraine (1.651 million tonnes, a decrease of 5.4%), Taiwan (1.605 million tonnes, a decrease of 8.1%), and Mexico (1.4 million tonnes, minus 3.9%).
In September, 64 countries produced 156.359 million tonnes of steel, which is 2.9% more than in September 2019.
In January-September 2020, 64 countries produced 1.347 billion tonnes of steel, which is 3.2% less than a year ago.
The Glovo delivery service in Ukraine has reached breakeven considering the large investments in the growth and development of the company, General Manager of the company Dmytro Rasnovsky has said.
“Now our income minus all costs is a little more than zero, because we are intentionally reinvesting in growth. On the one hand, our unit economy is healthy, and we could, in theory, earn more if we wanted to. But on the other hand, we actively invest in our partners and we reinvest everything that we have. Therefore, we have negative EBITDA,” he said at a briefing in Kyiv last week.
Rasnovsky also said that the global company is investing “millions of euros” in Ukraine, including through profitable European markets and attracting global investments.
According to him, due to the coronavirus crisis, the company grew in Ukraine faster than the plan by 40-50%, while in terms of operating profit per order, it underperformed its financial indicators by about 20%.
“From the point of view of profitability, it would be worth waiting for an increase in prices. But from the point of view of the current economic situation, I do not see the possibility and reason to increase the cost of Glovo delivery services. We came to Ukraine for a long time. For us this is a marathon, not a sprint. Therefore, we will invest to create a market, and now is not the time to raise the tariffs,” Rasnovsky said.
Glovo is an international fast courier delivery service that allows purchasing any item or product within the city and has it delivered. In this case, the object should not exceed the parameters 40x40x30 cm and weigh no more than 9 kg.
Glovo is already represented in 298 cities in 22 countries on three continents: Europe, Africa, Central and South America. Glovo started operating in Ukraine in October 2018.
As of October 1, 2020, some 27,623 Ukrainian households have installed photovoltaic (PV) panels and are consuming “clean” electricity in Ukraine.
The press service of the State Agency on Energy Efficiency and Energy Saving reported that in the third quarter of 2020, almost 2,000 more households switched to PV panels. The total capacity of all PV panels is 712 MW, of which 53 MW (8% up) were launched in the third quarter of 2020.
“Since 2015, households have invested about EUR 560 million in PV panels. This is a contribution to their own energy independence and autonomy, as well as to the development of a large-scale Ukrainian market for services and equipment in green energy,” the press service said, citing acting Chairman of the agency Kostiantyn Hura.
JSC Ukrzaliznytsia transported almost 80 million tonnes of cargo in July-September 2020, which is 2.7 million tonnes more than in the same period.
According to the press service of Ukrzaliznytsia on Thursday, October 22, transport volumes in domestic traffic increased by 11.3%, and in export by 1.8% for the specified period.
At the same time, it is noted that in the third quarter, the transportation of mineral construction materials, scrap ferrous metals, cement, and iron and manganese ores increased.
“The new tariff policy, which is now being implemented, will make rail freight transportation even more attractive for a wide range of customers. In particular, the company has already developed a new technology for the transportation of goods by block trains: three methods of calculating the tariff, the final cost depends on the volume of cargo and distance. The customer will be able to plan the turnover and speed of transportation,” Ukrzaliznytsia reported.
