UK based Ukrainian Metinvest’s Spartan UK revenue has soared by 83% YoY to GBP 252 million in 2021, following a year of strong demand. Pre-tax profit also rose to GBP 15.6 million, up from a loss of GBP 314,919 in 2020. During the period, steel prices of all products rose significantly as a result of strong demand.Spartan UK said that “The war in Ukraine has disrupted the supply of raw materials to both Spartan and other European re-rollers which were supplied by the Metinvest Group. It has managed to source its materials from third party suppliers which is seen as a sustainable solution in the medium to long term. Disruption has resulted in a further price increase for raw materials; however, the sell price of the finished product has also risen, meaning satisfactory margins have been maintained. In 2022 Spartan UK is expecting continued demand across the markets. It is anticipated that customers will favor Spartan's supply during this year as the short lead times minimize their risks during this period."Located in the Newcastle upon Tyne in North East of England, Spartan UK can produce 200,000 tonnes of high quality carbon steel plate per year.