KIEV, Nov. 19 - Ukraine’s largest steel and mining group, Metinvest, will more than double its annual output of steel up to 16 million metric tons in 2011, a senior official at the group said Friday.
The increase of steel output comes after the company acquired majority control over Illych Metallurgy Company, Ukraine’s No. 2 steelmaker, earlier this month.
“This is a result of the acquisition of Illych,” Amir Aysautov, the head of steel and mining division at SCM, a holding company that controls 75% of Metinvest.
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