Zaporizhstal may shift to pig iron production and leave 50% of its capacity unused due to reduced EU quotas on Ukrainian steel.
Stock Photo: Zaporizhstal
Ukrainian steelmaker Zaporizhstal may shift from steel production to pig iron production, leaving around 50% of its capacity idle due to new European Union import restrictions.
Source: Oleksandr Myronenko, Chief Operating Officer of the Metinvest Group (Zaporizhstal's parent company), in a comment to Reuters
Details: Myronenko told Reuters about the possibility before the latest Russian strike on the plant.
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