1. Analysis of competitiveness of enterprises in the scale of the metallurgical industry of Ukraine
- Author
-
Bugrim O. Yu. and Kolesnik E. O.
- Subjects
metallurgical industry ,production ,competitiveness ,consolidation ,development perspectives ,Business ,HF5001-6182 ,Economics as a science ,HB71-74 - Abstract
The article is devoted to the research of the current state and tendency of development trends of domestic metallurgical enterprises of Ukraine and the world. The metallurgical industry plays a significant role in shaping the country's needs in ferrous and non – ferrous metals. Selling products for export, the metallurgical industry is primarily one of the major suppliers of currency. The article reviews world steel production according to the World Steel Association. Over the past five years, Ukraine is in the list of the world's largest steelmaking producers, and occupies the 13th place (in 2018) among the top countries of steel producers. The paper examines the dynamics of steel production in the world's leading countries over the past five years. The reasons for the slowdown in the development of metallurgical enterprises of Ukraine were analyzed: outdated technologies, increased competition in the market, depreciation of fixed assets, insufficient investment in metallurgical sector, small assortment of products. Reasons of the crisis of world metallurgy are analyzed. The mechanism of regulating the consequences of the crisis, the consolidation metallurgical industry, which occurs according to general principles of globalization economy of world division of labor and provides a change in production growth centers, redistribution of natural and energy resources. This tendency is clearly traced in the domestic metallurgical sector, where the level of consolidation is ensured by three largest Ukrainian holdings: Metinvest Group, Industrial Union Donbass Corporation, Interpipe Group, OJSC Arcelormittal Kryvyi Rih (OJSC Kryvorizhstal). The size of these producers amounted to more than 70% of the domestic market of Ukraine. It is emphasized that the priority factors contribute to the formation of consolidation of domestic metallurgical enterprises. Determined which factors constrain the development of the metallurgical industry and the proposed ways of their elimination.
- Published
- 2020
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