Russian swordsman could not survive in Ukrainian Donetsk

On March 19, 2013, the Board of Directors of the Russian Mining and Metallurgical Company decided to liquidate his representative office in Ukraine and ceased the powers of its director. Forbes writes about this.

The only thing that keeps the Mechel group in Ukraine today is the Donetsk electrometallurgical plant with a capacity of about 1 million tons of steel a year has not yet been sold. DEMZ has been stopped since December 2012, although a year ago it was fully loaded with work. Problems with the supply of scrap metal was first led to a decrease in production volumes by half, and then to a complete stop of electrometallurgical production.

Today, DEMZ is estimated at market experts at about $ 200 million, i.e. More than two times cheaper than was bought by swords in 2011. Then the Russian company officially paid $ 537 million for it.

Mechel repeated the failure of another Russian businessman - Vadim of Warsaw, who in 2009 - 2010 in the same Donetsk unsuccessfully tried to establish the work of the Metallurgical Plant "Tsil -Ukraine".

According to Forbes, today another Russian candidate for departure has been outlined in Ukraine - the group of Evraz Roman Abramovich, who is trying to compete with local businessmen since 2007. Evraz today owns the Petrovsky Metallurgical Plant, three cokesochemical plants, the GOK "Sukhaya Balka" and half of the Yugok. According to the publication, Evraz began negotiations on the sale of assets with Rinat Akhmetov.