Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Proposed 37% rail tariff hike may reduce GDP by 1.2%.
Agriculture and mining sectors face significant cost increases.
Ukrainian Railways (Ukrzaliznytsia) has proposed a 37% increase in freight tariffs, a move that experts warn could reduce Ukraine’s GDP by up to 1.2%, equating to approximately ₴96 billion.
The proposed hike aims to offset rising operational costs, including fuel, electricity, and maintenance expenses exacerbated by ongoing conflict-related damages. However, key industries such as agriculture and metallurgy express concerns over increased logistics costs and diminished competitiveness.
Agricultural producers warn that higher transportation costs could lead to reduced fertilizer usage, potentially decreasing yields by up to 30% and resulting in losses of $300 million. Similarly, the extractive industry anticipates an annual increase of over ₴10 billion in transportation expenses.
Despite opposition from business associations and industry stakeholders, Ukrzaliznytsia maintains that tariff adjustments are necessary to sustain operations amid wartime challenges.
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