Andrii Tarasenko

Ukraine

Chief Analyst at GMK Center

Featured in: Favicon

gmk.center Favicon

tandfonline.com

Articles

Anti-dumping duties against Bulgarian rebar in Canada will reduce steel exports from Ukraine by 60-80 ths tons

2 months ago | gmk.center | Andrii Tarasenko

The Canada Border Services Agency (CBSA) introduced final anti-dumping duty of 15.9% against rebar from Bulgaria (Promet Steel) in mid-December 2024. This decision has indirect impact on export of steel from Ukraine, as rebar in Bulgaria is produced from Ukrainian square billet, stated in the report of GMK Center “Trade restrictions as the key challenge for steel industry in 2025”.
European countries granted €14.6 bln for decarbonization of the steel sector

Dec 9, 2024 | gmk.center | Andrii Tarasenko

Tata Steel Ijmuiden project to be largest recipient of government aid Over the last six months, the amount of state grants for steel industry decarbonization projects in Europe has increased by €4 billion, reaching a total of €14.6 billion. A total of 15 subsidy decisions have been announced in European countries, with an average amount of assistance per project of around €1 billion. As steelmakers’ plans become more detailed, governments are moving from discussions to decisions.
Infographic - Pain points of European iron & steel industry - GMK Center

Dec 1, 2024 | gmk.center | Andrii Tarasenko

Weak market forces European steelmakers to cut costs, jobs, delay wage payments Steel prices on the European market have been at rock bottom for the third month. The influx of imports in October has overstocked warehouses, and buyers are in no hurry to resume purchases. Incentives in China have increased prices globally, but not in Europe. The margins of steel producers are critical. We are seeing a sharp deterioration in the financial condition of steel companies.
Mosaic “Kyiv Academy” by Mykola Storozhenko in the Context of World and Ukrainian Art

Nov 19, 2024 | tandfonline.com | Andrii Tarasenko |Olga Tarasenko |Natalia Kubrysh

SummaryThe article is dedicated to uncovering ideological content and visual features in Mykola Storozhenko’s mosaic “Kyiv Academy” (1969–1971), located in the interior of the Institute of Theoretical Physics of the National Academy of Sciences of Ukraine. The commission for the panel permitted the artist to go beyond the rigid boundaries of the regulated themes and stylistics of socialist realism, expanding the historical range of art.
Import share of plate market in Poland was 90% in 2023 — GMK Center

Nov 13, 2024 | gmk.center | Andrii Tarasenko

Local production fell by 52% in 2013-2023 The plate market in Poland is quite stable with an average volume over the last 10 years of 1.06 million tons, which is similar to 2023 numbers. The plate market accounts for 8% of total steel consumption in Poland. Domestic plate production in Poland is stagnating, having fallen by 52% in 2013-2023. There are three local producers with a total capacity of 1.26 million tons.
Attempt number three or how Poland can increase the production of flats

Nov 10, 2024 | gmk.center | Andrii Tarasenko

Yes, this market by 90% depends on imports. We are talking about the steel plate market in Poland. And this market is quite large – about 1 million per year in 2015-2023. But, surprisingly, local production is in crisis, and two out of three manufacturers have gone bankrupt in the last 10 years. Steel plate is a sheet steel rolled product, typically with a thickness of more than 3 mm. Large consumers of plate are construction, renewables, shipbuilding and the defense sector.
European electricity prices and their impact on the Ukrainian economy

Jul 29, 2024 | gmk.center | Andrii Tarasenko

A year ago, one of the key topics of discussions on EU integration was Ukraine’s climate commitments. This seemed the most important for understanding the prospects of domestic industry and steel sector. Now we have a shortage of electricity and, in fact, a simultaneous transition to European prices. And this issue has become the cornerstone, the main problem for the industry of Ukraine. High electricity prices make climate issues secondary.
Case study: SERM for a company in the niche of dietary supplements - How to improve brand reputation on the web

Jun 18, 2024 | netpeak.net | Andrii Tarasenko

Service: SERM Niche: Alternative medicine Region: Asia The Challenge In this project, our client was an online distributor of nutritional supplements. The company contacted us for help improving the visibility of their positive feedback and reviews online. For this purpose, the Netpeak Agencies Group has a SERM service.
Iron and steel sector contributed 5.7% to the GDP of Ukraine in 2023

Jun 2, 2024 | gmk.center | Andrii Tarasenko

The iron and steel sector of Ukraine was one of the most suffered from the Russian invasion of Ukraine, stated in the study of GMK Center “Economic impact of iron and steel sector of Ukraine 2023”. It’s an annual study of the contribution of iron and steel sector to socio-economic development of Ukraine. Number of steelmaking plants in Ukraine reduced to only six from twelve in 2013, as the large part of steelmaking facilities were damaged or located on occupied territories.
Ferrexpo invested $101 million in 2023

Apr 17, 2024 | gmk.center | Andrii Tarasenko

The London listed iron ore company Ferrexpo with assets in Ukraine invested $101 million in 2023, 37% lower than in 2022, that considered projects initiated pre-war. It`s stated in the released Full Year Financial Results for 2023 of Ferrexpo. The company remains committed to business development, directing 70% of CAPEX into development projects, despite the war.