Quick recovery of the business activities in China has not only positively influenced Metinvest mining segment, but also allowed it to supply steel products there.
“China is not our traditional customer as to metal products, but it is our long-term market for iron ore raw materials”, the group CEO Yuri Ryzhenkov said. “With the suffering markets of Europe, Ukraine and Russia, even China has become a market where we can work”.
Following the drop in the output in April, the group has returned to its planned manufacture levels and is operating almost with all of its machinery. (Ukrainian metal)