Ukraine not to privatize Krivorozhstal

Ukraine not to privatize Krivorozhstal

According to the statement released from Ukraine government, the country's biggest steel producer Krivorozhstal will not be privatized and remain as a state-owned plant. The plant has 1/5 share in Ukraine market. Located in Dnepropetrovsk region of Ukraine, the plant increased its finished products capacity by 3.9% to 5.2 million tons and production of crude steel by 3.1% to 5.9 million tons in the first ten months of 2003, when compared with the figures of the corresponding period of 2002.