The Swiss metallurgical company Vorskla Steel called off a Hungarian investment due to “macro and microeconomic factors.” The Switzerland-based company manages metallurgical assets in Ukraine, Denmark and Hungary. It wanted to build a hot-rolling mill with a 5-million ton annual capacity in Hungary but decided to terminate the project for economic reasons. Vorskla Steel said it would reconsider the project in another one or two years if the economy improves.
