Ukraine has lost a share in the market of North Africa, but can increase it in Europe - Evraz

The desire of Ukraine to integrate with the European Union can contribute to the growth of sales of Ukrainian metal products in European markets. This was announced in an interview with Bloomberg by Bloomberg by Pavel Tatyanin, senior vice president of international activities of the company. "Ukraine has lost a share in the market in North Africa due to political instability in the region and Europe will be the main direction," he said.

Meanwhile, stagnation in the European market will last another 2-3 years, says Tatyanin. "Europe did not solve fundamental problems in the economy during the crisis. At the same time, American companies reduce the share of borrowed financing, the dollar is cheaper in relation to other currencies, the cost of labor is reduced," he stated.

Expending optimization programs actively implemented by Euraz allowed the enterprise to increase the production of the main types of products in difficult metallurgy. So, before the deadline, the North American unit of the company reached the production volume of railway rails at the level of 50 thousand tons per month.

For the Ukrainian Metallurgical Plant named after Petrovsky (Dnepropetrovsk), Euraz has developed a plan that provides for investment in the modernization of metallurgical capacities worth about $ 200 million. Pavel Tatyanin denied rumors regarding the possible sale of the plant: "Evraz will not sell DMZ named after Petrovsky," the company's top manager promised.