LNM denies misdeeds as PHS halts Rurexpol's supplies

Given that Rurexpol was up-to-date with its payments to PHS, various analysts have speculated that the stopping of deliveries was a deliberate move by LNM Holdings, which recently bought PHS, to put pressure on the government to speed up HSCz's privatization. However, LNM representatives deny that this is the case, even though its chances of winning control of HSCz have come under renewed threat from Ukraine's Donbas Industrial Union. "We have signed an agreement with Rurexpol and the delivery of supplies will continue," said Antoni Styrczula, a spokesperson for LNM. Domestic steel distributors are fearful of LNM dictating prices, which have already increased by 30-50% this year. Furthermore, domestic firms believe that if they do not agree to pay the prices asked, LNM will simply sell its steel abroad. (Puls Biznesu, p. 9) A.K.