Ukraine coking coal imports up 4% in 2013 on quota extension, domestic cuts

Ukraine’s metal industry increased its coking coal imports by 4% last year to 10.9 million tonnes, the state-run Ukrainian Industry Expertise (UEX) consultancy said on Monday February 17.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The growth was driven by scarcity of the raw material in the local market due to a lack of financing in the sector, according to the consultancy.

The Ukrainian government extended its import quota for coking coal by 1 million tpy to 11.2 million tpy on October 31.

Coking coal output in Ukraine fell by 4% year-on-year in 2013, to 23.7 million tonnes.

Russia is Ukraine’s major coking coal supplier.

“The country has not managed to stabilise [coking coal output] and get to a stage of sustainable production growth,” the chief of UEX’s analytical department, Alexander Kraynikov, said.

“Growth directly depends on the availability of funds in the industry for timely mines preparation, modernisation of existing [assets] and breaking the ground for the new mines,” he added.

Ukraine also extended the quota for coke imports by 90,000 tpy last year to 300,000 tpy, which allowed ArcelorMittal Kryvyi Rih to import material to fulfil its needs.

Coke production in the country fell by 7% year-on-year in 2013, to 17.6 million tonnes.

UEX did not provide coke imports volume statistics for 2013.

What to read next
Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands
General Motors (GM) is investing $650 million to develop the Thacker Pass mine in Nevada, the largest known source of lithium in the US and the third largest in the world
Electrolysis processes developed by Boston Metal and Electra that eliminate the need for coal in steel production could be key to a net-zero emissions future for the metallics industry, attendees learned at Fastmarkets’ conference on January 17-19 in Dallas
Low supply, strong demand to spur scrap prices higher in Feb, market says
US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.