Global Steel Trade; Structural Problems and Future Solutions

96. Id.
97. Id. See also Stefan Korshak, “Dragged Down by the Ruble. Struggle to Save Dwindling Exports to Russia
Could Cripple Ukrainian Economy,” The Post, Kiev, Ukraine, October 2, 1998.
98. TACIS. In comparison with Russia, however, Ukraine managed to avoid a major bank crisis and succeeded in
achieving certain other mitigating economic accomplishments.
99. Metal Bulletin Research Ltd., and Infomine-Ukraine, 77.
100. Ibid., 66.
101. Levine
102. Metal Bulletin Research Ltd., and Infomine-Ukraine, 65.
103. Ibid., 65.
104. Levine
105. Instituto Brasileiro de Siderurgia (IBS), Anuario Estatistico: Brazil Steel Data Book (Rio de Janiero, May
1999), 7/7.
106. Metal Bulletin Research Ltd., and Infomine-Ukraine.
107. InfoMine, Market Analysis Research of the Ukraine Steel Industry (1999), 25, Figure 6. [Hereinafter
Infomine-Ukraine] See also Stefan Korshak, “Red Hot Prospects?” The Post, Kiev Ukraine, February 3, 1998, 2. See
also Metal Bulletin Research Ltd., and InfoMine-Ukraine.
108. Metal Bulletin Research Ltd., and Infomine-Ukraine, 66–67.
109. Mikhail Melnik, “Ukraine Close to Resolving Debt Problem,” ITAR/TASS, FBIS, June 15 2000; Vitaly Sych,
“Cabinet Offers Right to Manage Steel Plant,” The Post, Kiev, Ukraine December 22, 1998. “The prices for crude
materials and production costs are very high, while world prices for steel are very low.”
110. Metals Russia representative Mohammed Zahoor, interview with Department of Commerce officials,
February 2000, Moscow.
111. TACIS.
112. Stefan Korshak, “Red Hot Prospects?” The Post, Kiev Ukraine, February 3, 1998, 2.
113. Stefan Korshak, “Russian Investors Eye Donetsk Iron, Steel Works.” The Post, Kiev, Ukraine, February 13,
1998.
114. Stefan Korshak, “Red Hot Prospects?”
115. Id.
116. Id.
117. Ruslan Karpov, “Rada Seeks More Control Over Sell-Offs.” The Post, Kiev, Ukraine July, 22 1999.
118. Alex Berdnick, “SPF wants to eat its lunch its self,” The Post, Kiev, Ukraine, September 9, 1999.
119. Id.
120. Additional factors that inhibit foreign investment is the government’s ability to change conditions for
foreign investment at the last minute. See Ana Nicholls, “Ukraine’s Reforms Have Been Sporadic So Far,” available
from http://www.Sabre.org; Internet, accessed on October 27, 1999.
121. Nathan Hodge, “Government Throws Kryvorizhstal a Bone. Package of Tax Breaks, Debt Relief Cements
Plant’s Reputation as a Government Favorite,” The Post, Kiev, Ukraine, January 28 1999. In early 1999, the
government offered the steel giant assistance package that would forgive its massive indebtedness, the second time
within a span of three years.
122. InfoMine-Ukraine, 17.
123. Vitaly Sych, “Cabinet Offers Right to Manage Steel Plant”, The Post, Kiev, Ukraine, December 22, 1998. “The
prices for crude materials and production costs are very high, while world prices for steel are very low.”
124. InfoMine-Ukraine, 17.
125. Id.
126. “Ukraine-Steel and Mining Sectors-an Overview,” International Market Insight Reports, Financial Times
Asia Intelligence Wire, February 11, 2000.
127. Metal Bulletin Research Ltd. and InfoMine-Ukraine. It is too early to determine the overall impact of this new
legislation on the steel industry because several of the benefits are tax breaks and, depending on the profitability of
the companies, the impact of these benefits may not be significant in the short term.
128. Nathan Hodge, “Government Throws Kryvorizhstal a Bone. Package of Tax Breaks, Debt Relief Cements
Plant’s Reputation as a Government Favorite,” The Post, Kiev, Ukraine, January 28 1999.
129. Hodge.
130. Bureau of the Census import data taken from the ITC Dataweb.
131. Id.
232 Global Steel Trade: Structural Problems and Future Solutions