Yuriy Ryzhenkov, CEO of Metinvest, said that the Hungarian steel plant Dunaferr will be able to provide great support to the group's development, and the group will be able to use materials from Dunaferr. It is in accordance with Metinvest's development strategy.
Metinvest can also offer iron ore concentrate, pellets and coking coal to Dunaferr. This will benefit the Hungarian economy.
Metinvest is also continuing discussions with other manufacturers about possible acquisition activities. At the end of last year, the company had held talks with U.S. Steel about purchasing the Kosice plant in Slovakia.
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