Clarifying information as for the indebtedness of ISD plants to the enterprises of Evraz Group


Taking into consideration that some mass media sources referring to a newspaper “Delo” distribute inaccurate information concerning the indebtedness of Dneprovskiy Metallurgical Plant to the plants which are a part of Evraz Group of companies and legal proceedings related to this indebtedness ISD deems it necessary to make the following announcement.

During 2008-2009 in conditions of an unprecedented global financial and economic crisis which had a considerable negative influence on the activity of Ukrainian steel plants, it’s true that there appeared the indebtedness of Dneprovsky Metallurgical Plant to the companies of Evraz Group for the delivered iron ore.

In the meantime ISD announces that as of 27.08.2010, the sum of the indebtedness of Dneprovsky Metallurgical Plant to the enterprises of Evraz Group, irresponsibly quoted in recent publications by some mass media sources, is not true.

During 2009 - 2010 Dneprovskiy Metallurgical Plant has successfully discharged in full the indebtedness to Evraz Group for the supplied iron ore. 

As of 27.08.2010, the parties, acting in good faith with an aim to meet joint interests, checks reciprocal payments for the period of 2008-2010. It can result in a settlement of the remaining indebtedness; the amount of it in any case will be narrow.

ISD appreciates cooperation with the companies of Evraz Group and hopes for a further development of partnership relations.

ISD press service

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