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Automatically translated version. May contain inaccuracies compared to the original.
If maritime trade is not restored quickly, most metallurgical enterprises will stop, and exports will fall by half.
⭕️Ukrainian metallurgy has found itself in a “perfect storm”: ports are effectively blocked, Ukrzaliznytsia has raised tariffs by 30%, and alternative logistics cost many times more.
The Southern Iron Ore Mining and Processing Plant and Ferrexpo have already stopped; Inhulets Iron Ore Mining and Processing Plant has been idle for a long time. It is estimated that exports of metal products could fall by more than 50%, and production in the mining sector by 35%. Writes GMK Center.
Delivery of pellets to Gdańsk costs $50-60 per ton, and losses to the metallurgical industry from the blockade of the maritime corridor could reach $150-200 million per month.
Alternative routes simply cannot replace the Black Sea either in price or in throughput capacity.
⭕️Therefore the government’s main task is to restore maritime exports as quickly as possible and to cancel the 30% tariff increase by Ukrzaliznytsia. Otherwise not only the mining and metallurgical complex but also a significant part of the Ukrainian economy will be at risk.
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