ISD
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Refutation

11.01.2012

Due to the announcement that has been made on January 11, 2012 by some mass media referring to the statement made by the Director General of Metallurgprom Association Mr. Vasiliy Kharahulakh saying that ISD Corporation and Evraz Group jointly own steel plants in Ukraine, ISD Corporation makes the following statement.

Currently there are no relations between ISD Corporation and Evraz Group concerning the joint ownership or managing any plants in Ukraine, including Alchevsk Metallurgical Plant and Dneprovsky Dzerzhinsky Metallurgical Plant.

ISD Corporation and Evraz Group have been successfully collaborating for many years as part of a regular commercial activity connected with the sale and purchase of raw materials needed for steel production and selling of steel products. ISD Corporation and Evraz Group are not bound by any relations or obligations as for the joint ownership or managing any steel plants remaining absolutely independent subjects of steel market.

The dissemination of the above-mentioned information about the joint ownership of steel plants shares in Ukraine is obviously a sad mistake or deliberate framed-up information.  

 
Optimizing staff at DMKD
Summary of the work of Alchevsk Development Fund within the first half of 2012

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