Головна сторінка
/
Новини
/

Domestic Steel Smelters Protest Iron Ore Prices

Domestic Steel Smelters Protest Iron Ore Prices

26 October 2008

Alchevsk Iron & Steel (ALMK: BUY) and Dnipropetrovsk plants Dzerzhinsk and Mariupol Illicha (MMKI: BUY) requested Prime Minister Viktor Yanukovich regulate domestic prices for iron ore from Inguletsky and Pivdenny GOKs (PGZK: BUY). According to the mass media, ALMK threatened to halt production. Eugene Cherviachenko: This conflict indicates a dispute between two oligarch-run monopolistic business groups: steel smelters (Industrial Union of the Donbass and Mariupol Illicha) and iron ore producers (Privat and Smart groups). Domestic iron ore producers are hoping to gain from the global increase in iron ore. We believe ALMK’s threat to halt production is more of a PR stunt and the plant is unlikely to actually stop production. Since no one is interested in a conflict, we expect a compromise in prices to be reached soon.

Останні новини

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...