Makeevka restarts production by Transcommodities
Ukrainian steel mill Makeevka has started
production again, SteelOrbis is reported. The mill had ceased
production back in late July due to severe financial difficulties. Consequently the
wire rod market particularly in
Middle East had felt the impact of reduced supply from
Ukraine.
SteelOrbis understands, Transcommodities has leased the mill from its owners and provided the necessary cash injection to restart
production.
The news should be welcome by the buyers of
wire rod as
wire rod prices have been increasing lately.