Ukraine's Parliament votes to cut manganese ore import duties
Author:Network sources Source:Network sources Date:2012-11-08

Ukraine's Parliament voted on Tuesday to approve a bill that reduces duties on imports of manganese ore to zero from 2%, the parliament's press service reported.


The bill affects duties on imports of 130 goods and commodities, including machinery and chemical and construction materials, in line with Ukraine's obligations for joining the World Trade Organization.


The bill, submitted by Mykhaylo Myronenko, a member of the ruling Regions Party, was approved in the final reading by 264 lawmakers in the 450-seat Parliament.


President Viktor Yanukovych has to sign the bill into law within two weeks.


Ukraine, one of the world's largest producers and exporters of ferroalloys, is using imported manganese ore to produce high-quality ferroalloys, such as silicomanganese, ferromanganese and ferrosilicon.


Ukrainian ferroalloy plants produce between 12% and 15% of the world's total manganese ferroalloys output, according to the International Manganese Institute.


Ukrainian ferroalloy makers earlier this year repeatedly complained over high production costs, with some warning of possible shutdowns.


Reacting to those complaints, the government recently moved to reduce power tariffs for the country's No. 2 ferroalloy producer, Zaporizhia Ferroalloy Plant, by 35.5% to $60/MW on October 1 to help the company to reduce production costs.


Ukraine decreased imports of manganese ore by 46.2% year on year to 543,180 mt in January through September, down from 1.01 million mt in the same period a year ago.


Ukraine's imports of manganese ore in 2011 dropped 7.2% year on year to 1.204 million mt, down from 1.298 million mt in 2010, according to the state statistics committee.

 

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