The Ukrainian government has sold its 10% stake in Ukrainian special steel maker, Dneprospetsstal. With this event privatisation of Dneprospetsstal has been completed. Dneprospetsstal is one of the largest companies in CIS, manufacturing special steel products such as follows stainless steel, tool steel, high-speed steel, bearing steel, alloyed structural and nickel-based superalloys. Main products are rolled and forged round and square bars as far as heavy plates.
Along with changes in management and marketing, the company is undergoing modernisation.
In the 1990s it acquired a new furnace ladle unit (Danieli) and degasser (Manessman Demag). A new finishing mill for metal processing was also built. In March 2002 Italian plant maker Landraf will instal two super innovative lines for processing and polishing the finished products. Dneprospetsstal will also acquire high surface quality grade H9 for rods with diameter from 17- 200mm. Rated capacity of the new mill is 4000 tons per month. The company is also planning to instal new equipment for cutting and packaging finished products, and to modernise its steel refining facilities.