Business news from Ukraine

Business news from Ukraine

UKRAINE CLIMBS TO 12TH IN WORLDSTEEL RATING

Ukraine in June 2018 increased steel production by 1.5% compared to the same period in 2017, to 1.711 million tonnes, climbing from 12th to 14th in the rating of 64 countries, the world’s major producers of this product, compiled by the World Steel Association (Worldsteel). In June the growth of steel smelting was recorded in the majority of the first ten countries from June 2017, except for Brazil.
The top ten countries producing steel in June are as follows: China (80.196 million tonnes, a rise of 7.5%), Japan (8.76 million tonnes, an increase of 4.2%), India (8.739 million tonnes, an increase of 7.4%), the United States (6.847 million tonnes, a rise of 0.8%), South Korea (6.122 million tonnes, an increase of 3.2%), Russia (6.12 million tonnes, a rise of 8.9%), Germany (3.77 million tonnes, an increase of 2.6%), Turkey (3.043 million tonnes, an increase of 0.7%), Brazil (2.59 million tonnes, a fall of 2.2%), and Italy (2.135 million tonnes, a rise of 1.5%).
They are followed by Iran (2.08 million tonnes, an increase of 16.5% and, Ukraine (1.711 million tonnes, a rise of 1.5%). Overall, 64 countries produced 151.379 million tonnes of steel in June 2018, which is 5.8% more than in June 2017.
In January-June 2018, 64 countries produced 881.455 million tonnes of steel, which is 4.6% more than in January-June 2017.

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DTEK ENERGY HOLDING INCREASES COAL IMPORTS BY 2.3 TIMES – LONDON STOCK EXCHANGE

DTEK Energy Holding of Rinat Akhmetov increased coal imports by 2.3 times, to 1.492 million tonnes in January-June 2018 compared to the same period last year, the company said on the website of the London Stock Exchange.
At the same time, DTEK’s coal production in the reporting period fell by 12.9%, to 12.889 million tonnes. In particular, extraction of gas coal in Ukraine decreased by 1.2%, to 11.426 million tonnes, while anthracite and steam coal were not produced in Ukraine. At the same time, DTEK in January-June 2018 increased production of anthracite in Russia by 7.6%, to 1.463 million tonnes.
DTEK’s coal exports in the reporting period fell by 54.8%, to 206,000 tonnes.
Production of coal concentrate by DTEK in January-June 2018 fell by 22.8%, to 5.806 million tonnes. In particular, concentrate production in Ukraine fell by 44.6%, to 486,500 tonnes, and in Russia by 6%, to 907,900 tonnes.

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UKRAINE THRESHES 20 MLN TONNES OF EARLY GRAIN, YIELD IS 31.9 CENTNERS PER HA

Ukraine as of July 25 had threshed 20 million tonnes of early grain and leguminous crops from 6.3 million hectares (65% of the forecast for these crops) with the yield being 31.9 centners per ha.
According to the Ministry of Agrarian Policy and Food, farmers harvested 15 million tonnes of winter wheat from 4.4 million hectares (70% of the forecast) with the yield of 34.2 centners/ha, 37,000 tonnes of spring wheat from 16,000 hectares (9%) with a yield of 23 centners/ha, 2.9 million tonnes of winter barley from 816,000 hectares (99%) with the yield being 35.1 centners per ha, 1.3 million tonnes of spring barley from 628,000 hectares (41%) with a yield of 19.9 centners/ha, and 541,000 tonnes of peas from 319,000 hectares (75%) with a yield of 17 centners/ha.
The country also harvested 67,000 tonnes of rye from 27,500 hectares (19%) with a yield of 24.5 centners/ha and 16,000 tonnes of oats from 9,300 hectares (5%) with a yield of 17.5 centners/ha.
In addition, farmers threshed 2.3 million tonnes of winter rapeseeds from 902,000 hectares (92%) with a yield of 25.8 centners per ha and 11,000 tonnes of spring rapeseeds from 7,500 hectares (14%) with the yield standing at 15 centners/ha.

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CITY OF KYIV WITH KYIV REGION, DNIPROPETROVSK, KHARKIV AND ODESA AMOUNT TO 51% OF TOTAL TRADE TURNOVER IN UKRAINE

Ukraine’s retail trade in January-June 2018 increased by 6.2%.
Four regions (City of Kyiv with Kyiv region, Dnipropetrovsk region, Kharkiv region and Odesa region) amount to 51% of total trade turnover.
Luhansk and Ternopil are on the last places.
In June 2018 alone, retail trade decreased by 0.8% compared to May 2018, but it grew by 6.3% compared to June 2017.

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CYPRUS-REGISTERED DNIPRO AGRO ALLIANCE PLANS TO BUY SILO FROM SWISS GLENCORE

Dnipro Agro Alliance Ltd. (Nicosia, Cyprus) plans to acquire PJSC Bozhedarivsky Elevator belonged to Renaisco B.V., a subsidiary of Switzerland’s Glencore International. According to the materials of the Antimonopoly Committee of Ukraine, Dnipro Agro Alliance Ltd. applied to the committee for getting permit to buy over 50% in Bozhedarivsky Elevator.
Dnipro Agro Alliance Ltd. Plants grain, leguminous crops and oilseeds. The ultimate beneficiaries of the company are co-owners of Dnipro Agro Group Mykhailo Koshliak, Yevhen and Vasyl Astion. Dnipro Agro Group is a vertically integrated group of companies, the core business of which is the production, storage, sale of grain and oilseeds.

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