1. Market Research
  2. > Manufacturing
  3. > Metal Manufacturing
  4. > Iron and Steel Market Trends
Ukraine Country Report Aug17 - August, 2017

Ukraine Country Report Aug17 - August, 2017

  • September 2017
  • 92 pages
  • ID: 5092741
  • Format: PDF
  • Emerging Markets Direct Media Holdings


Table of Contents

Ukraine's real GDP grew 2.4% year-on-year across April-June, the Ukrstat state statistics agency in Kyiv reported on August 14. That is good news, but it also shows the economy has slowed from the 4.2% growth in the fourth quarter of last year.

In July, the National Bank of Ukraine (NBU) revised downwards its forecast for real GDP growth for 2017 to 1.6% y/y from its 1.9% y/y projection in April.

The economy is recovering but it should have seen a big bounce after the depth of the collapse in 2015 - more than 15%. The reason it is not is partly due to the Russian aggression, but not only.

The government's persistent failure to attempt deep reforms has undermined what little investor interest there is and the economy is living hand to mouth. The economic blockade of Donbas has not helped either, however, economists say this is less important and will be overcome eventually. In the meantime the blockage has probably shaved 1% off GDP growth.

GfK did a big survey on the mood of the people (see Polls & Sociology for the charts below) but the big take aways were the government has a c.80% disapproval rating. And while Yulia Tymoshenko leads in the polls, the low support for all the possible candidates in elections show that the population is basically dissatisfied with all their leaders.

The mood is not helped by the poor outlook. The economic forecast was revised due to the worse than expected economic performance in the first half of the year, primarily in services, and revised crop yield assessments. Industries most susceptible to the severance of production ties with the uncontrolled Donbas territories - the mining and metals sector, energy industry and transport industry - will continue to underperform, according to the NBU.

However, there is some progress. The hryvnia has proven to be more stable than many analysts were expecting around the UAH25/$1 market, where it was expected to weaken to around UAH28/$1. Also inflation is falling and tax receipts have proven to be much stronger than expected. Also gross international reserves (GIR) are up to $17bn which is about 3.8 month of import cover - a healthy level that supports the value of the national currency. The growth in April-June was driven by investments in fixed assets (on the demand side) and services (on the supply side).

On the minus there is a widening trade deficit and shrinking industrial production. The situation is stabilizing but that has lead to the population spending and sucking in imports faster than the rise in steel prices have been able to offset the difference. In related news, Ukraine has had a good harvest bringing in more than 37mn tonnes of grain part of which can be exported and so help with the current account balance.

Reforms are the only way to accelerate the growth. The Rada has passed one of three crucial reforms in the first reading, a pension system reform. However, the other two - creation of a land market and setting up an independent anticorruption court - have both fallen by the wayside and now are unlikely to be addressed until after the presidential elections in 2019. In the meantime the country is left in limbo.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on