Mechel has stopped taking into account the assets of Donetsk Electrometallurgical Works as they have been seized by the militants and lost all their value.
“On June 25, 2016 the so-called council of ministers of the terrorist organization Donetsk People’s Republic on the basis of Donetsk Electrometallurgical Works created the state enterprise Yuzovka Iron and Steel Works. This limited Mechel management of DEMZ and its control over the company”, Mechel reported. (Ukrainian metal)