Mr. Igor Prasolov, minister of Economic Development and Trade of Ukraine, said that Donetskstal Iron and Steel Works will receive a soft loan of $320 million for the replacement of the open hearth steel production by electric furnace under the government program to support the development of the internal market.
Mr. Prasolov said that “In general, within the framework of the program of state support for key industries we have prepared 65 proposals for banks, of which 49 have already been sent to the financial institutions. Positive decision on two projects”. (SteelGuru)