KIEV, Sept. 16 - The largest asset-management company in Ukraine, System Capital Management (based in Donetsk), plans to invest about $4 billion in the development of its basic mining and smelting mills within the next five years, SCM's senior manager Ihor Syry said during a press conference in Donetsk, Interfax-Ukraine reported.

According to Syry, $2 billion will be invested into steel production development, namely in the construction of a blast furnace, continuous molding machine and an oxygen block at Azovstal and also construction of blast furnace No.5 and oxygen block at Yenakieve Metallurgical Plant.