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Illich Steel posts $20 million May loss after hryvnia appreciation
Journal Staff Report

KIEV, June 5 - Ukraine’s second-biggest producer of steel, Illich Steel, announced Thursday it had lost an estimated $20 million in May on the sharp appreciation of the local currency, the hryvnia, against the U.S. dollar.

The figure highlights the adverse affect of the hryvnia’s 4% appreciation against the dollar overnight on May 21 and its affect on Ukraine’s steel sector, the country’s biggest earner of hard currency.




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Currencies (in hryvnias)
  24.04.2024 prev
USD 39.59 39.78
RUR 0.425 0.426
EUR 42.26 42.31

Stock Market
  23.04.2024 prev
PFTS 507.0 507.0
source: PFTS

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