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GISMETEO.RU
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Metinvest-Smart merging into steel giant
Journal Staff Report

KIEV, Sept. 25 Metinvest, Ukraines largest steel and mining group, announced Tuesday it will be merging its assets with smaller Smart-group to create a $25 billion giant that would dominate the countrys steel sector.

Metinvest, which already produces 20% of Ukraines steel and 30% of its iron ore, said the merger will be completed by the end of the year and will help the company to eventually double steel output.




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