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Daveze Limited buys Donetsk Electrometallurgical Plant ISTIL

It is reported that Cyprus-based company Daveze Limited has acquired a 100% stake in Ukraine’s Donetsk Electrometallurgical Plant, the mini-mill previously known as ISTIL.Accordingly, the Cypriot company has bought 392,767,872 shares representing 100% of the company authorized capital. The financial details of the deal have not been disclosed.In August 2009 the management of Donetsk Electrometallurgical…


Ukrainian traders’ steel product purchases up by 14% in 2 months

According to the data issued by the Ukrainian Association of Metal Traders, in January to February Ukraine steel trading companies increased their steel product purchases by 3.9% YoY to 164,775 tons including 151,363 tons from local mills and 13,412 tons of imports.The main domestic suppliers of steel products to Ukrainian trading companies were ArcelorMittal Kriviy…