One of
Russia's largest steel and
iron ore producers Metalloinvest Holding (Metalloinvest) is reportedly in merger talks with the Ukrainian steel holding Industrial Union of Donbass (ISD) to create a company with crude steel
production capacity of up to 20 million metric tons a year.
Metalloinvest has confirmed that talks between the companies are currently taking place but refused to specify the nature of the talks.
ISD, on the other hand, declined to comment.