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You're reading: Pinchuk opens nation’s first new steel mill in years
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Pinchuk, the son-in-law to former ex-President Leonid Kuchma, pumped an estimated $700 million into the Dnipropetrovsk-based plant through Interpipe, his steel pipe and railway business parts manufacturer. 

The mill started operating earlier this year. Ukrainian President Viktor Yanukovych attended an Oct. 4 opening ceremony of the mill and its integrated “Dnipropetrovsk Sunrise” art exhibit designed by Olafur Eliasson. 

Pinchuk hopes the five large-scale masterpieces permanently installed and exhibited within the mill will serve as a “metaphor of the industrial renaissance of Ukraine.” The new mill with its art exhibit is open for visitors.

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