Ukraine-headquartered mining and steel producing Metinvest group may soon expand the geography of its manufacturing assets. While running the assets, based in Ukraine, Italy, the UK and Bulgaria, the company is considering to take part in the tender for the purchase of the Huta Czestochowa steel mill in Poland.
According to local media, on February 25 Metinvest requested the antimonopoly committee of Ukraine to provide the information on whether the company needs to obtain the preliminary permission from the authority in order to participate in the tender.
Metinvest underlined that as of now the tender has not yet been announced but it is expected to be handled in September 2020. The start-up price of Huta Czestochowa has also not been disclosed yet, SteelOrbis understands.
Huta Czestochowa is an EAF-based mill in Poland belonging to the holding Industrial Union of Donbass, capable of around 800,000 mt of steel plate production per year. On September 4, 2019 the company was declared bankrupt.