Ukraine to build rebar plant in Lithuania

The Lithuanian company Investment Limited is seeking the assistance of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) in attracting the participation of Ukrainian steel companies in the construction of a rebar plant in Lithuania's Klaipeda Free Economic Zone. According to the ULIE release, one of the main conditions for the success of the €45 million-project is the timely and guaranteed delivery of 450,000 metric tons of billets per year, which will be required from the Ukrainian participants. The main reason behind the construction of the new rebar plant in Lithuania is the growing need for rebar in the European Union (EU). The current project will also benefit Ukrainian steelmakers since the supply of billets to the new mill would allow them to evade EU steel quota limitations.