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Iron Ore Industry in Ukraine
Taiyou Research, Jan 2012, Pages: 55
Ukraine is one of the largest producers and exporters of iron ore in the world. The country's geographical location and strong transport links make it the low cost supplier of iron ore to Central and Eastern Europe and the Middle East. It is also much closer to China and the rest of Asia as compared to a number of other iron ore producers based in Brazil or Canada.
The increase in iron ore prices has encouraged Ukrainian mining enterprises to boost investments to improve the quality of the iron ore resources. The country's iron ore requires further processing to make it consumable for steel plants and this processing increases the production costs and makes the Ukrainian iron ore uncompetitive against other iron ore producing countries of Brazil, South Africa, India and Australia that have deposits of over 60% of iron content.
Most of the iron ore mines in Ukraine are deep open pits and underground mines, reaching depths of greater than 1000m. The biggest iron ore basin is Krivoi Rog in Dnepropetrovsk region, where the bulk of the reserves (as well as key iron ore production capacities) are located. Krivoi Rog's mining and beneficiation plants provides around 80-90% of all Ukraine's iron ore, concentrate and pellet production.
Metinvest Holding, ArcelorMittal and Ferrexpo Plc are some of the key players in the industry. The vast majority of metallurgy enterprises of Ukraine are powerful integrated companies that produce over five million tons of metal per year. The largest of them are Azovstal, Zaporizhstal, and Kryvorizhstal. Three metallurgical regions have developed in Ukraine: Transdnipro, Donetsk, and Transazov. Non-ferrous metallurgy includes ore extraction and enrichment, non-ferrous metal production, and secondary raw material processing.
Taiyou Research analyzes this growing industry in its report Iron Ore Industry in Ukraine.
The report begins with an analysis of Ukraine being one of the largest producer and exporter of iron ore in the world. Taiyou Research analyze production and consumption statistics of the industry, the import/export scenario of iron ore in Ukraine, the country's reserves of iron ore, and many other factors. Factors impacting the industry are also analyzed in this report.
While discussing the main regulatory bodies in Ukraine, which are the State Committee of Ukraine on Industrial Security, Labor Protection and Mining Supervision with Ministry of Environment and Natural Resources, the report takes a detailed look at the various laws governing the industry, permit and licensing methods, as well as other laws consisting of numerous taxation structure for the industry.
Future outlook of the iron ore industry in Ukraine has been discussed in the report and an in depth study has been made of the role played by the major players in the industry, such as Metinvest Holding, LLC (Metinvest), ArcelorMittal, Ferrexpo Plc, Evraz Group S.A., Black Iron Inc. etc., with their ongoing and future projects, main sphere of business and competitive edge being analyzed in the report.
Taiyou Research's analysis of the Iron Ore Industry in Ukraine is a cutting-edge offering on this growing industry.
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