According to Mr. Igor Gutorov, director of Severstal Ukraine, the company plans in January 2010 to open a new steel trading base in Kiev, adding that the move would enable an improvement in the servicing of the company customers in Ukraine.
Mr. Gutorov said the sales of the new steel trading base in 2010 had been preliminarily scheduled to exceed 20,000 tons.
He said that “There were a few reasons for opening the new site in the central region of Ukraine. First of all, we sell coated rolled products, mainly produced at Severstal Cherepovets. This product is produced in Ukraine in insufficient quantities while a high number of processors of this product are concentrated in the central region, i.e. manufacturers of steel tiles, sections, sandwich panels and facade products for construction.”
In H1 2009, Severstal Ukraine revenue amounted to $4.9 million. The biggest share of its deliveries consisted of steel products for the construction sector. (SteelGuru)
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