The Ukrainian Metal

Ukraine: Metinvest monopoly on iron ore concentrate market

For the past 4 years the share of Metinvest in the manufacture of iron ore concentrate hasn’t dropped below 64% in the total Ukrainian volume.

In 2013 the share of 4 Metinvest mining and processing works (SevGOK, InGOK, CGOK and UGOK) in the national production of iron ore concentrate was 66%, in 2014 – 66%, in 2015 – 64%, and in H1 2016 – 64%.

Metinvest got the control over UGOK in 2014, but informal control over enterprise the group received in 2010, after the change in management. (Ukrainian metal)

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