Baltic States – CIS, Business, Markets and Companies

The OJSC Dnepropetrovsk Vtormet is the second largest scrap metal processing plant in Ukraine. The plant’s facilities for metal scrap storage and processing total 950,000 tons per year. The plant has a wide spread of areas for scrap collection in Central and Eastern Ukraine.

The Interpipe’s CEO Alexander Kirichko said: "The acquisition of this scrap metal processing plant is the next important step forward in the transformation of Interpipe into a fully vertically integrated company. Dneprovtormet’s facilities will enable us to satisfy our growing needs in scrap metal for the production of pipe and wheel billets, and will also provide high quality raw materials to our new electric steel melting facility Interpipe Steel, which is due to come on stream in 2010".

Source: Metall Market