Metinvest acquires long steel producer DMK, expands product mix

Ukrainian steelmaker Metinvest has acquired Dniprovsky Integrated Iron & Steel Works (DMK), a long steel producer located in Kamyanske in central Ukraine, in a deal made through its subsidiary Dnipro Coke earlier this week, Fastmarkets has heard.

The tender was held on Monday July 26. DMK was acquired for 9.17 billion hryvnias ($338 million).

The purchase of DMK will allow Metinvest to expand its product mix to include billet, rebar, wire rod and shapes, and will provide its Bulgarian subsidiary Promet Steel with an internal source of...

Published

Vlada Novokreshchenova

July 29, 2021

13:40 GMT

Dnipro