Metinvest B.V. has started reselling a part of metal manufactured by Dneprovsky Iron and Steel Combine, which it receives as payment for raw materials, supplied previously and being supplied still.

According to Maxim Zavgorodniy, the executive director of ISD, the owner of DMK, the works supplies only a part of its products to clear debts.

“The scheme is complex. As soon as DMK clears its debts, it will be selling its products on its own”, he said.

In August Metinvest resold 55 thousand tons of square billets valued at $26 million and 14 thousand tons of long rolled metal at $8 million. (Ukrainian metal)

Leave a Reply