Ukrainian major
scrap collectors are intended to stop
scrap supplies to
Ilyich Iron and Steel Works of Mariupol (
Ilyich), if the latter would not close the debt on
scrap purchases until the end of July.
Mr. Zaitzev, the Vice General Manager of Vtorchermet, one of the
scrap collectors in
Ukraine, has warned
Ilyich that the major
scrap collectors are ready to cancel agreements on
scrap supplies with the plant if the debt for
scrap purchases would not be paid off.
According to the operational data, the total debt of
Ilyich for the
scrap supplies is approximately UAH 50 million (approx. $1.857 million).