Ukrainian metal companies in January-February 2021 increased earnings from exports of ferrous metals by 8.2% compared to the same period last year, to $1.51 billion.
According to updated statistics released by the State Customs Service, the share of ferrous metals of total FX earnings was 17.82% compared with 17.2% a year ago.
In February, earnings from exports of ferrous metals amounted to $764.6 million.
At the same time, Ukraine reduced imports of similar products by 12.1% in January-February 2021, to $121.53 million. In February, this figure was $63.798 million.
In addition, Ukraine increased exports of metal products by 5.7% in the first two months of 2021, to $140.613 million. In February, their export amounted to $77.148 million.
During this period, imports of metal products increased by 1.4%, to $125.407 million. In February, they were imported for $72.504 million.
As reported, in 2020, Ukrainian metal companies reduced earnings from exports of ferrous metals by 12% compared to the previous year, to $7.690 billion. At the same time, Ukraine in 2020 reduced imports of similar products by 17%, to $1.040 billion.
MetinvestB.V. (the Netherlands), the parent company of a vertically integrated group of steel and mining companies, has established control over the largest Ukrainian producer of coking coal, PrJSC Pokrovske Mine Management (Donetsk region), of which the group became a minority shareholder in 2018.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission with reference to the information received on March 5 from Metinvest B.V., on March 4, 2021, the company received the ownership of a controlling stake in PrJSC Pokrovske Mine Management.
“On March 4, 2021, Metinvest B.V., as a result of the acquisition of shares in the charter capital of Industrial Coal Holding (ICH), became indirectly the owner of 486148489 common registered shares of PrJSC Pokrovske Mine Management, became (directly and indirectly) the owner of 67.28% of the charter capital of PrJSC Pokrovske Mine Management,” according to the information of the enterprise in the commission.
At the same time, it is noted that, taking into account the above, the company Metinvest B.V. on March 4, 2021, it acquired the ownership of a controlling stake in PrJSC Pokrovske Mine Management. The highest price at which Metinvest B.V. and its affiliates acquired shares in PrJSC Pokrovske Mine Management is UAH 12.80 over the last 12 months.
National bank of Ukraine’s official rates as of 09/03/21
Source: National Bank of Ukraine
Official rates of banking metals from national bank as of March 09
One troy ounce=31.10 grams
In 2021, Polish company PCC Intermodal S.A. plans to increase the number of container train connections between Poland and Ukraine from one to three per week, according to the company’s website on the occasion of the first anniversary of the service, which connects several cities in Poland with the Ukrainian station of Mostiska.
“We did the first tests and tried to launch regular services to Ukraine already in 2011. The economical and political situation in Ukraine has stopped this project, until last year. In the spring of 2020, we successfully returned with the project. In the spring time 2020 we have successfully came back with the Ukrainian project! The customers being satisfied while having easy access to the alternative logistics solution, using rail connections, keep us developing the intermodal services to Ukraine. We have already booked the new platforms for this connection and are happy to welcome everyone on board of our regular trains,” the company’s press service said.
Curently, the company offers regular intermodal connections, once a week to/from Mostyska in relation with: to Gdańsk, Gdynia, Central Poland, Upper Silesia, Lower Silesia, Berlin, Hamburg, Duisburg, Rotterdam and Antwerp.
The most common goods transported to/from Ukraine at the moment are: chemical products, polymers, fertillizers, ferroalloys.
Ukraine considers Qatar as a promising market for increasing exports of grain, poultry products, vegetable oil, as well as for expanding the range of agricultural products supplied, Head of the Ministry of Economic Development, Trade and Agriculture of Ukraine Ihor Petrashko said, following negotiations with Ambassador of the State of Qatar to Ukraine Hadi Al-Hajri.
“We understand the importance of ensuring food security in the world, therefore, we are interested in stepping up cooperation in this direction. In particular, Ukraine is making every effort to guarantee an uninterrupted supply of food to foreign markets,” Petrashko said.
The Economy Ministry said the Ukrainian agricultural sector is promising for attracting internal and foreign investments, and the mutually beneficial development of investments between Ukraine and Qatar can provide an additional impetus to trade and economic cooperation in this direction.
According to the ministry, in 2020 the trade turnover between Ukraine and Qatar increased by 69.2%, year-over-year, to $139.16 million, while the export of Ukrainian goods increased by 75.7%, to $131.61 million.
