The Ministry of Industry and Trade against the extension of the memorandum with GMK

“Today, the GMC works more or less stable,” said Minister of Promotopolitics Dmitry Kolesnikov at a briefing in Kyiv.

“Preferences do not always justify themselves. And on the third quarter the conditions of the Memorandum on the MMC should not be extended,” Kolesnikov summed up.

Within the framework of the memorandum, the government by Decree No. 925 of October 14, 2008 introduced a moratorium on raising tariffs for truck and railway transportation for mining, metallurgical and chemical enterprises, and also proposed the National Commission for the regulation of electric power industry to suspend electricity prices from November 1, 2008 for them. Our semi -trailer will have to be put on planned repairs.

The cancellation of the memorandum and the rise in price of raw materials for metallurgy along the chain should lead to the rise in price of steel products in the domestic market. But today, according to unofficial data, it is expected to reduce the price of sheet rental with a thickness of up to 100mm. According to our forecast this will be the last decrease in prices before a sufficiently serious rise in price. It's time to replenish warehouses.