The events surrounding the liquidated ironworks in Dunaújváros are starting to pick up. Hungarian media has reported that Ukrainian steelmaker Metinvest is interested to buy Hungry’s insolvent steelmaker. Metinvest CEO Mr Yuri Ryzhenkov in a letter to Prime Minster Mr Viktor Orbán said that they are ready to participate in the reorganization of Dunaferr. Metinvest has announced an investment of EUR 150 million in restoring production and maintaining it at a level of at least 60% power usage. The Ukrainians would also carry out the investments necessary to reduce CO2 emissions from the steelworks by 55% by 2030, as required by the European Union. Incidentally, high-level negotiations took place in recent days between the Hungarian government and Liberty Steel, which is interested in Dunaferr. Liberty Stel has also held talks with members of the Hungarian government and they also visited the Dunaújváros plant.They have also registered a Hungarian subsidiary Liberty Steel Central Europe in Budapest Liquidation proceedings against Dunaferr were started in December due to the company's debts. By then, several employees had already resigned, and the company was not even able to transfer the November salaries of more than HUF 200,000 in one lump sum at the beginning of December. Earlier, they also started shutting down the Dunai Vasmű coking plant, which carries the risk that it will never be restarted. Liberty Steel sent coal from Poland to Dunaújváros to prevent this from happening. The Hungarian smelter, built in the 1950s, operates on the basis of ore imported from Russia and Ukraine. This is one of the reasons for the plant's problems - supplies from Russia are blocked and Ukraine has also lost a significant part of its iron ore production. The supply of coke and iron ore by Metinvest is probably among the synergies mentioned by the company.