Color-coded steel billets await gouging at the Interpipe LLC seamless pipe factory in Nikopol, Ukraine, on Wednesday, Jan. 30, 2013. Ukraine&#39;s Interpipe Group, owned by billionaire Victor Pinchuk, opened a $700 million electric steel mill in Dnipropetrovsk with an annual output capacity of 1.32 million tons of steel for its seamless pipe production. Photographer: Vincent Mundy/Bloomberg via Getty Images