Posted on 02 Apr 2019
Ukraine's DHC holding has created a separate entity, management company DHC Steel, for centralised management of Dneprovsky steelworks (DMZ, formerly Petrovsky steelworks), and iron ore mine Sukha Balka.
DHC acquired the assets from Evraz in 2018 and 2017, respectively (see Kallanish passim).
DHC Steel is being established prior to large-scope investments. Alexander Yaroslavsky, DHC owner, has confirmed an investment of $150-200 million during five years into both assets.
The funds will be directed into regeneration of coke-chemical production and a new continuous billet caster at DMZ. Sukha Balka will receive upgrades to its beneficiation line, deep mining and other ancillary equipment. The objective of these upgrades is to make the firm fully self-sufficient in sinter production, and a stable and competitive business as a result.
