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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UKRAINE RAISES STEEL OUTPUT BY 6% IN APRIL, RANKING 13TH IN WORLDSTEEL RATING

Ukrainian metallurgical enterprises in April 2018 increased steel production by 6% compared to the same period in 2017, to 1.721 million tonnes, rising from the 14th to 13th place in the ranking of 64 countries, the world’s main manufacturers of this product, compiled by the World Steel Association (Worldsteel).
In April growth in steelmaking compared to April 2017 was recorded in most of the top ten countries, except for Japan, Germany, and Turkey.
The top ten steel producers in April are as follows: China (76.698 million tonnes, a 4.8% growth), Japan (8.723 million tonnes, a 0.4% decline), India (8.692 million tonnes, a growth of 5.6%), the United States (6.930 million tonnes, an increase of 3.6%), Russia (6.030 million tonnes, an increase of 2.4%), South Korea (5.893 million tonnes, an increase of 7.1%), Germany (3.775 million tonnes, a 1.7% decline), Turkey (2.953 million tonnes, a 3.1% decline), Brazil (2.949 million tonnes, an increase of 1.9%), and Italy (2.061 million tonnes, an increase of 3.7%).
They are followed by Iran (1.950 million tonnes, an increase of 12.4%), Mexico (1.790 million tonnes, an increase of 13.7%), and Ukraine (1.721 million tonnes, an increase of 6%).
Some 64 countries in April 2018 produced 148.322 million tonnes of steel, which is 4.1% more than in April 2017.

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KYIV, KHARKIV, RIVNE REGIONS LEADERS IN RATING OF UKRAINIAN REGIONS IN 2017 – MINISTRY

Kyiv, Kharkiv and Rivne regions are leaders in the rating of Ukrainian regions, according to the social and economic development monitoring for 2017 drawn up by the Regional Development, Construction, Housing and Utilities Economy Ministry of Ukraine.
According to the study, Kyiv city (Mayor Vitali Klitschko) and Kharkiv region (Head of Regional Administration Yulia Svitlychna) retain their positions for the second year in a row.
Kyiv city was first in most figures. In Kharkiv region, the smallest unemployment rate in Ukraine – 6.1%, and the highest share of power generated from alternative sources, as well as the level of the introduction of energy saving technologies – 30.4% and 72% respectively.
Rivne region is third (Head of Regional Administration Oleksiy Muliarenko). The region climbed by three positions compared with 2016. Dnipropetrovsk region is fourth (Valentyn Reznichenko). The region climbed six positions up.
Chernivtsi region is fifth (Oleksandr Fyschuk).
Outsiders of the rating are Luhansk, Donetsk, Mykolaiv, Chernihiv and Odesa regions.
The study is conducted under government resolution No. 856 dated October 21, 2015 on the approval of the rules of conducting monitoring and assessing results.

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S&P AFFIRMS LONG-TERM ISSUER CREDIT RATING ‘B-‘ ON KYIV CITY, OUTLOOK STABLE

S&P Global Ratings has affirmed its ‘B-‘ long-term issuer credit rating on the Ukrainian capital city of Kyiv. The outlook is stable, S&P has said in a press release.
After debt restructuring, the city of Kyiv has no commercial debt, and its direct debt consists of intergovernmental obligations to Ukraine’s central government. The city’s cash reserves will likely remain high and serve as a buffer in case the city needs to support its government-related entities, S&P said.
The stable outlook reflects our view that, in 2018-2020, Kyiv’s strong budgetary performance and solid cash position will counterbalance institutional uncertainties and the potential crystallization of contingent liabilities.

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