Sergiy Tigipko, a well-known Ukrainian banker who has announced his intention to run for the presidency, believes that the global steel market has begun to revive and Ukrainian steelmakers should be prepared for this, the banker's press service reported on Tuesday.
“The global steel market began to revive more quickly than expected.
This is good for domestic steelmakers, but they shouldn’t relax. It’s
not enough just to catch another wave of demand for steel. It’s
necessary to invest in cutting the prime cost of production [and in
making] high-tech kinds of products,” he said.
“The new industrial states – China, India, Brazil, Turkey and some
other countries – will become the impetus to tackling the crisis. With
their assistance, global metallurgy will rise from its knees, and
Ukraine can only benefit from this. But in the post-crisis world, it
will be more difficult to compete,” Tigipko said.
In his opinion, a priority task for Ukrainian steelmakers is to decrease the prime cost of their products.
