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Cheap electricity is key for Ukrainians metals competing in world markets.

Monday, July 20, 2020
Cheap electricity is key for Ukrainians metals competing in world markets.

Cheap electricity is key for Ukrainians metals competing in world markets. “To be a successful competitor in the rolled metal market, we are obliged to offer high quality product and reasonable prices,” says Stanislav Gi, Arcelor’s Ukraine head of Energy Resources. “The tariff growth for electricity transmission puts steel manufacturers in an obvious disadvantage, which in turn will affect economy of Ukraine in general.”

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The new head of Ukraine’s central bank signaled yesterday that he favors lower interest rates and a weakened hryvnia.

The new head of Ukraine’s central bank signaled yesterday that he favors lower interest rates and a weakened hryvnia.

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