Ukrainian Journal cited Mr Serhiy Haida an analyst from Dragon Capital Investment Company, as saying that, some Ukrainian metals companies could face great difficulties during the current economic crisis due to low prices of metals, shortages of their own raw material base and their large debt burden, steelguru reported.
The expert at a conference said that "The large debt burden, in the light of the worsening of the situation on the steel market and the fall in the price of metal products, is a threat to some companies.”
He added that “According to our estimates, the debt of Donetsk-based Industrial Union of Donbas which has actively upgraded its production facilities over the past few years reached USD 3.3 billion by late 2008. The company is to pay USD 500 million this year.”
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