Abstract
The conducted research reveals the role of the metallurgical complex of Ukraine in world production and export of steel. Its development indicates inertia and is in a pre-crisis condition. But, at the same time, there are prospects for the development of the enterprises of the metallurgical complex of Ukraine, which appears to be the purpose of the study along with an assessment of the dynamics of the development of the metallurgical complex of Ukraine regarding the internal and external factors of influence on it. Therefore, the object of the research is the current state of development of the metallurgical complex of Ukraine. For this purpose, the main methods of steel processing and fuel consumption for their melting are determined, which, thus, emphasizes the extraordinary energy intensity and cost structure of steel production in Ukraine due to 21.4% of processing in open-hearth furnaces. As a result, on the basis of the comparative analysis, the structure of production was characterized by the degree of steel processing, which indicated the inertia of the development of the industry on the principle of total exploitation of available resources. Through systematic structural analysis, the types of economic activity, the results of the enterprises, which were taken into account in the research of the development of the metallurgical complex of Ukraine and identified their implementation under the imperative incremental destructive factors of the internal and external environment, were identified. With the help of empirical research, in the institutional environment instability of normative legal provision, regulatory restrictions on FDI inflow and investment protectionism in metallurgy were revealed. The critical dependence of the industry on demand in foreign markets based on the export orientation of raw materials is established. For example, it has been determined that at the expense of products below the average technological capacity, almost a quarter of the export basket of Ukraine was formed. It was found that metallurgical production is a zone of interests of powerful industrial and banking private business groups of residents and non-residents. The absence of a state-owned joint-stock company or a holding company in Ukraine with a main type of activity in the investigated industries is emphasized.
Highlights
At the present stage of development in the structure of industry in Ukraine, the metallurgical complex forms almost one fifth of the realized industrial output and is characterized as export-oriented
This was due to the incremental effect of a number of factors that predetermine the extension of the “effect of the track” and the inertia of institutional transformations
Industry were considered, and the priorities of the the presence of a number of works on the identified state economic policy regarding the development problem highlights the retrospective of the develof the metallurgical industry, strengthening its ex- opment of metallurgical industry of Ukraine, leavport potential and strengthening foreign econom- ing out the attention to dynamic processes at the ic security were determined
Summary
At the present stage of development in the structure of industry in Ukraine, the metallurgical complex forms almost one fifth of the realized industrial output and is characterized as export-oriented. Comparative analysis of the state of the metallurgical industry in the countries of the world, deter- The results of modern research are characterized mined the main problems hindering the develop- by ambivalence regarding the role of metallurgical ment of the metallurgical industry in Ukraine and products in the commodity structure of Ukraine’s possible prospects of industry development in the production and exports. Industry were considered, and the priorities of the the presence of a number of works on the identified state economic policy regarding the development problem highlights the retrospective of the develof the metallurgical industry, strengthening its ex- opment of metallurgical industry of Ukraine, leavport potential and strengthening foreign econom- ing out the attention to dynamic processes at the ic security were determined. Lurgical complex of Ukraine, taking into account export potential, competitiveness in world markets, product range, pricing policy, etc
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