17 out of 36 Ukraine’s blast furnaces halt work

Due to the slump in world prices, Ukrainian metallurgical industrial complexes cannot compete any more with Chinese and Russian producers, Kommersant reported. A month reserve of production has accumulated at storehouses of the companies. As of today, 17 out of 36 Ukraine’s blast furnaces have halted their operation, and metallurgists even consider the opportunity of total halt of the companies. If the government does not undertake urgent steps to support the metallurgical branch, the consequences may become deplorable: from non-fulfillment of the state budget and mass sackings to a global crisis of the Ukrainian economics, experts believe.

At present the production volumes have hit a four-years low.

The crisis in metallurgy will be considered today at a session in Metallurgprom production association. Representatives of the Industrial Policy Ministry and the largest metallurgical industrial complexes will take part.

ForUm

Discuss news in the Forum

One-line news

10:55 The first deputy chairman of the VRU Oleksandr Lavrynovych opened morning session of the parliament. 432 MPs are registered in the session hall.

1 December 2008

15:12 On December 1, at 21.10 President Victor Yushchenko will come to `ICTV` TV Channel program `Freedom of Speech`. The program is dedicated to the 17th anniversary of Ukrainian independence referendum.

09:58 Today, on December 1, President of Ukraine Viktor Yushchenko will take part in the solemn sitting of the National Academy of Sciences of Ukraine dedicated to the 90^th anniversary of its establishment.

All news

News

2 December 2008

17:30 Cooperation of Ukraine with World Bank and IFO is the way towards stability and development

16:23 Ukraine, Russia 'set for new gas talks'

15:26 Ukraine says Somali pirates may release Faina 'tank ship' soon

14:55 Production of metal in Ukraine declined twice

14:00 BYuT is ready to form coalition with Party of Regions

13:20 Nato allies divided over Ukraine and Georgia

12:30 Government intends to increase budget assignments for science

11:52 Rusyns formed their government

11:05 Chubarov reminded that Crimea is Ukrainian autonomy thanks to Tatars

10:46 Official NBU dollar rate is over 7

10:00 Communists will not support Plyushch

1 December 2008

17:30 Our Ukraine faction intends to nominate Plushch for Verkhovna Rada Speaker

16:30 Yushchenko: NBU should regulate Hryvnya exchange rate better

15:40 Tymoshenko: Road development in Ukraine must comply with European standards

14:45 Ukraine stops electric power import from Russia

All news

Top

Editorial staff:english@for-ua.com
Republication or redistribution of ForUm content, including by framing or similar means,
is allowed with the reference to en.for-ua.com only.
All rights are reserved by © LTD. Inter-Media, ForUm 2001-2008

Development by WebSysBox