Azovstal Iron and Steel Works has started experiencing shortage of scrap.
“The situation on the scrap market is worsening, we see the shortage”, the company CEO Enver Tskitishvili said.
According to him, the company has been better provided with scrap in a more complex period (June-July) because of Ukrzaliznytsia selling its stocks.
“As far as we know, Ukrzaliznytsia scrap stocks for sale amount to some 128 thousand tons, and that’s around 700 million UAH of additional investments into their development program. They can buy 5 new locomotives or repair 35 of the existing ones”, he added. (Ukrainian metal)