KIEV, June 7 – Citing the unfavorable economic regulatory climate in the country and diversion of funds to Polish investments, Keramet (Kiev), a large scrap metal trader in Ukraine affiliated with the Ukrainian owners of Industrial Union of Donbas Corporation, has decided to scale back production development plans.

The company said that Keramet's development plan envisaged opening of production sites in western Ukraine through 2020. Keramet had to revise its plans and investment programs due to the unfavorable economic climate in Ukraine.