Metinvest, Ukraine’s largest iron ore, coke and steel producer, will pay $339 million for Dniprovsky Integrated Iron & Steel Works,

a bankrupt steel maker, ProZorro.Sale auction platform reported yesterday. With the purchase, Rinat Akhmetov, owner of Metinvest, raises his control of Ukraine’s steel production from 60% to 70%, calculates SteelOrbis news site.