Ukrainian companies threaten to cut off supplies to PHS

The debtors will sell LNM shares in the steel concern, which they took in exchange for debts. Before finalizing the deal, PHS shareholders forced through motions which envisage changing the composition of the supervisory board and the company's statute. However, Ukrainian companies, which deliver 80% of steel to PHS, are considering cutting off their deliveries after they lost a bid to buy the Częstochowa Steel Mill. Antoni Styrczula, representing LNM, stressed that if this happens, then the concern might obtain ore from its Kazakhstan mines. (Puls Biznesu, pp. 1, 9) M.M.