Not only is the Alchevsk Steel Mill one of the best companies in the Lugansk region but it can also serve as a good example for the rest of the country, Victor Yushchenko said in Alchevsk, president's press office reported.

“The Alchevsk Steel Mill has shown in the past couple of years that it is possible to change things when there is an ambitious strategy and clear investment policy,” he said.

The President praised its management for introducing new technologies, boosting competitiveness, creating new jobs and taking steps to improve the local environment. He said they adopted the best international standards.

Yushchenko was, however, quite critical when assessing the development of metallurgy in Ukraine.

“The processes in the industry are ambiguous. The raw material market looks pretty pessimistic,” he said. “Ukraine’s unique natural resources are managed improperly and with numerous violations.”

He insisted that the country must promote energy efficiency and cut production costs to be among the world’s leading steel producers.  

The President said the experience of the Alchevsk Steel Mill could be used as an example to follow, particularly its constructive relations with the city’s authorities. He said the mill had invested funds in the local heating infrastructure. 


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