Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Metinvest has received approval from the Antimonopoly Committee of Ukraine (AMCU) to purchase the Dniprovsky Iron and Steel Works’ (DMK’s) assets, which includes blast furnaces and other property.


Metinvest, a global consortium of vertically integrated mining and metallurgical companies will indirectly purchase PJSC Dniprovsky’s site within the Kamianske, Dnipropetrovsk area that is also part of the Industrial Union of Donbas.


The AMCU finalized its decision on Thursday to award Metinvest clearance to buy DMK’s assets that will supply commercial endeavors for the metal production and sales of products from the site, according to media reports.


Markets concerning DMK that were factored into this transfer include commercial cast iron, steel billets, rods, rebar, structural shapes, wire rod, grinding balls, as well as rough and semi-finished axles for rail shipping.


According to reports, there has been a recent rise in commercial cast iron market participants and production. A major part of the deal is to sell a minimum of 12,000mt of cast iron per year into Ukraine’s domestic market at competitive prices.


For comparison, DMK has averaged just over 11,000mt per year of yearly cast iron sales over the past few years.


Additionally, there has not been any other potential buyer interest for DMK’s assets and property as of Thursday. However, per reports, upon the receipt of any new applications, the AMCU would grant them consideration.

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