Metinvest has laid claims to Dneprovsky Iron and Steel Works.
On July 5 the Commercial Court of the Dniepropetrovsk region initiated the bankruptcy procedure of DMK.
Metinvest is one of the suppliers of raw materials to DMK.
“We have for a long time tried to settle with ISD (Industrial Union of Donbass, owner of DMK) amicably, but unfortunately the debt has not been cleared. Since the bankruptcy procedure has been initiated, we will recover the debt in accordance with general practice. We want to get the debts back for the raw materials supplied, which is only possible with the operating plant. We believe the bankruptcy is a negative scenario”, the group said. (Ukrainian metal)
