conflict between the controlled group "Privat" Zaporozhye plant of ferroalloys (ZZF) and Steel, Mittal Steel Krivoy Rog "(AMKR) has been exhausted, the first deputy predpravleniya Privatbank Timur Novikov. "For all contentious proceedings signed settlement agreements that are approved by the courts," - he said. According to Mr. Novikov, from January 1, 2010 AMKR resumed purchase products on ZZF. "All the old contracts void. Companies have started to work on new treaties that were signed in the first four months of this year. All were satisfied with the process", - said Timur Novikov. This information was confirmed in AMKR, the conditions of the contracts were not disclosed.

dispute between ZZF and AMRK emerged after the end of 2008 due to lower production of Iron and Steel unilaterally terminated the purchase of products from the ferro-alloy plant. ZZF applied to the courts and in September 2009. Supreme hozsud approved the recovery from AMKR 205.59 million UAH in favor of prepaid ZZF for the supply of products. In addition, AMKR lost three ZZF claim totaling $ 174 million UAH. Thus, total AMKR ZZF had to pay almost 380 million UAH.

estimates of the Ministry of Industrial Policy, the volume of the domestic market of ferroalloys - 500-600 thousand tons of products valued at $ 600-700 million at current prices. The main producers - Nikopol and Zaporizhia ferroalloy plants, which are controlled by Privat Group Igor Kolomoisky and Gennady Bogolyubov. In Ukraine, the group also controls two of the GOK for the extraction of manganese ore - Ordzhonikidze and Marganets.

conditions in the new contracts are similar to treaties in force until 2009, told Kommersant chairman ZZF Pavel Kravchenko: "By and large have not changed anything." "We ArcelorMittal had his own vision of forming prices for ferro-alloys, which did not coincide with ideas of" Privat ", - says Director GP" Ukrpromzovnishexpertyza Vladimir Vlasjuk .- But, thanks to court decisions "Privatu" AMKR been persuaded to cooperate. "

AMRK - one of the largest customers ZZF, analyst IK Concorde Capital Andrew Gerus. According ZZF, usually in AMKR goes up to 20% of production ZZF. But because of the litigation AMKR was forced to shift its imports of ferroalloys from EU countries and abroad, particularly from Korea. "Losses ZZF AMKR of care could be more significant than the amount of claim claims. Most likely, therefore," Privat "made peace", - says Mr. Gerus. Thus, according to AMKR, in 2009, Iron and Steel has purchased more than 60 tonnes of ferroalloys worth about $ 90 million (about 720 million UAH).

Alexander Chernovalov

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