Ukraine: Metinvest CEO waves monopoly accusations
Metinvest group CEO Yuri Ryzhenkov said it was at least incorrect to speak about monopoly on the iron ore raw materials market of Ukraine.
Metinvest group CEO Yuri Ryzhenkov said it was at least incorrect to speak about monopoly on the iron ore raw materials market of Ukraine.
At the moment the Mariupol Ilyich Iron and Steel Works operates at 75% of its capacities, while Azovstal – at 50%.
Metinvest plans to unite Azovstal and Mariupol Ilyich Iron and Steel Works, said a source from the city’s business circles.
Metinvest hopes for constructive negotiations with the State Fiscal Service as to the paying of VAT debts.
Metinvest has no plans for massive firing of employees at its companies.
The further fall of the world steel and iron ore prices could result in Ukrainian metal works stopping operation.
Coking coal deliveries from Russia stopped several days ago, said Metinvest CEO Yuri Ryzhenkov.
Metinvest companies have received automatic VAT reimbursement, says the head of the State Fiscal Service Roman Nasirov.