Russian Severstal is selling its Dneprometiz works in Dniepropetrovsk, Ukraine.

According to Severstal-metiz CEO Alexander Shevelev, the company is looking for a buyer of its business in Ukraine. Negotiations with a potential client are in preliminary stage.

At the same time, the company hopes to strike the deal by the end of the year. For a share in the works Severstal wants $20-30 million, but it can also sell the works completely.

Among the potential buyers of the works are metal and mining companies. (Ukrainian metal)

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