According to the report, if the Ukrainian council successfully passed the latest taxation of Act 1210, it will seriously affect the domestic steel industry. Especially, this measure gave rise to an increase in the rent of iron ore mine by 2% to 10%, while the interest rate will also be doubled to 33% from the previous 14-25%.
Some experts stressed that the rent and profit would achieve 22% for the steel mills if the measure was approved, which was much higher than that in other countries.
Therefore, some steel mills were concerned about the Ukrainian export competitiveness might decline and production will also decrease accordingly.
Source from Yieh Corp
|
