Registered in 2004 in Switzerland the management company Vorskla Steel AG is currently managing metallurgical assets in Ukraine, Hungary and Denmark. Currently our largest asset that is being built is an electric steel plant of direct reduced iron with the use of natural gas in Komsomolsk, Poltava region, Ukraine. The suppliers of direct reduced iron units and steel melting equipment are MIDREX Technologies (USA) and VAI/Siemens (Austria). The capacity of Vorskla Steel plant is 3 million tons annually that is 8-10% of production volume of metallurgical branch of Ukraine.

Vorskla Steel AG also realizes the project of building the steel rolling mill in Hungary. In 2006 the company signed a memorandum with Hungarian government about the creation of Industrial Park, the basic part of which will be the rolling mill Vorskla Steel Hungary with annual capacity 2,5 mln tons of ready production.