SPFU to sell Makeevsk

The State Property Fund of Ukraine (SPFU) announced its intentions to sell 65.86 percent stake in Makeevsk Iron and Steel Works until the end of the current year. The tender on sale of 10 percent stake in the enterprise will be announced on July 5, while the tender on sale of remaining 55.86 percent will be opened on November 15 of the current year. Makeevsk Iron and Steel Works has total annual production capacity of 2.4 million tons of crude steel, 2 million tons of pig iron and 1.6 million tons of finished steel products.