DONETSK, August 31 ??“ The Ukrainian steel industry has greater prospects for development then its Russian counterpart, according to the director general of Azovstal steel mill, Dmytro Livshits.

Azovstal is part of Metinvest, a holding that unites coal and iron ore mining companies, steel smelter and steel pipeline producers. Metivest, Ukraine??™s largest privately owned company, is owned by Rinat Akhmetov, the country??™s richest businessman.