Metinvest group CEO Yuri Ryzhenkov said it was at least incorrect to speak about monopoly on the iron ore raw materials market of Ukraine.
He added that iron ore market wasn’t a closed one, with Ukraine’s main competitors being Russia and Sweden.
“Our market is global, and it’s a surplus market. There are up to 4 sellers for every iron ore purchaser in Ukraine, and they all have abundance of ore. There is no monopoly on this market”, he stressed.
Accusations in Metinvest monopoly came from the people’s deputy Lev Pidlisetsky. (Ukrainian metal)