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The quotas introduced by the EU pushed us out of the European market - the CEO of Zaporizhstal

Ukraine / Ferrous metallurgy

Without stimulating metal consumption within the country, we are seriously losing - we are becoming less competitive and losing our investment attractiveness, Alexander Mironenko said.

The quotas introduced by the EU pushed us out of the European market - the CEO of Zaporizhstal

Metallurgical plant "Zaporizhstal" of Metivnvest Group, like many other manufacturers, experienced the hardships and deprivations of the protective measures introduced by Europe. This was reported in interview general director of the enterprise Alexander Mironenko.

“The quotas introduced by the EU pushed us out of the European market, where we had been working for years and occupied up to 35% of the market. Now the share of Ukrainian metal products in the European market cannot exceed 20%, ”Mironenko said.

According to him, the crisis and pandemic drove the whole world into a situation where the usual logistic ties were cut off, markets were closed, investment projects were frozen as much as possible.

“After the first wave of the pandemic, commodity markets began to recover faster, which led to an increase in prices for iron ore raw materials. At the same time, the price for finished metal products on the market fell by almost a third, and as a result, we received an increase in the cost of our high-margin product - rolled products, as a result, significant losses, ”said the general director of Zaporizhstal.

The solution to the problems of Ukrainian metallurgy Mironenko sees state stimulation of increasing the level of consumption of metal products in the domestic market and protection of domestic producers in foreign markets.

“Zaporizhstal and its staff will be provided with work. We have already proved our flexibility and ability to work at the most peak times of crisis, now our task is to maintain these positions, "the CEO summed up.

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