The sales of the Armavir Electrometallurgical Works LLC did not take place.
The auction saw the land plot of 85 ha, the site for the steel manufacture and other assets.
The price slowly dropped from 248.4 million rubles to 124.2 million rubles, but no bids were made.
The construction of the work was begun in 2007 by Industrial Union of Donbass (Ukraine). In 2016 the enterprise was declared bankrupt. (Ukrainian metal)