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The total volume of exports through Polish ports decreased by 1% due to the infrastructure’s unpreparedness: the country cannot handle cargo both at the border and in the ports, and the infrastructure is designed for imports, not exports, said Dmytro Nikolayenko, the top manager of Metinvest. He said that due to the blockade of the Black and Azov seas, the company had to look for new types of transport for export. Still, alternative routes, to Poland’s northern ports and Romania’s

After Ukraine’s successful attacks on Russian ships, the entire international community’s attention is focused on this topic. “Unblocking the ports for all cargo will be a mighty geopolitical victory for Ukraine over the aggressor,” said the head of the Metinvest project office, Oleksandr Vodoviz. He added that, “We finally started talking about the complete unblocking of the ports. We heard President Zelenskyy’s speech that we are now talking about the grain corridor and many other products. Negotiations with the UN,

Resumption of production at Azovstal in Mariupol after refitting using green technology may take three to five years, stated the GM of the Metinvest group, Yuriy Ryzhenkov. He added that if we are talking only about Mariupol, then Metinvest has a vision of its restoration. Therefore, the city needs a new strategy, particularly a new industrial one. “We have no desire to restore the old technology that existed at the Azovstal Metallurgical Plant because it is already outdated. Today the

According to the last year’s results, Metinvest, ArcelorMittal, and Ferrexpo became the leaders among the largest exporters of the metal industry during the war year. As Forbes reported, despite the drop in export capacity by more than two-thirds due to the blockade of Ukrainian ports, the mining and metallurgical complex maintained its leading position in export volume. The industry’s profit share in the export picture last year reached 15%, which is $9.1B. The Ferrexpo company ranked third in export volume

According to 2022’s results, the metallurgical group Metinvest reduced the production of finished products by 62% to 2.777 million tons and steel smelting by 69% to 2.9 million tons compared to the previous year, the company reported. Pig iron production decreased by 72% to 2.74 million tons, and coke production by 64% to 1.653 million tons. The output of commercial semi-finished products decreased by 70% to 1.02 million tons. The production of flat products decreased by 4.247 million tons, to

The Azovstal metallurgical plant, of the Metinvest Group, once again appealed to President Zelenskyy’s office to impose sanctions on companies and persons involved in the theft of Ukrainian metal products from Mariupol, a letter from the plant reads. Azovstal calls for sanctions against the Russian company Reka-More Management and its manager and against the Krambol Plus and its founders and other participants. These companies were engaged in mooring ships and loading them with Azovstal’s products, which were to be received

The Metinvest group contributed almost UAH 18B ($49M) in taxes and fees to Ukraine’s budget in the first nine months of the year. The company notes that the largest portion is income tax. During the January-September period, Ukrainian Metinvest enterprises paid over UAH 6B into Ukraine’s coffers. The second largest category is the single social contribution, amounting to UAH 3.3B. The tax on the individual income yielded more than UAH 3B. General Director of Metinvest Yuriy Ryzhenkov noted that despite

said the company’s general director, Yuriy Ryzhenkov. This has resulted from the current logistic difficulties, as the Black Sea ports are not available to export iron ore, steel, and coal. “We are forced to deliver goods by land routes, and their capacity, unfortunately, is either insufficient for significant supply volumes or very expensive for some of the goods that we supply,” said the head of the company. However, most of the plants under the group’s control were not affected by

Russia has stolen metal products from the occupied Ukrainian territories and has then tried to sell them as their own products. It is unknown how much metal has been stolen, but there were products worth hundreds of millions of dollars in Mariupol warehouses, said the head of the Federation of Metallurgists of Ukraine, Serhiy Bilenkyi. He added that the Metinvest company, the owner of the stolen metal, monitors these activities and plans to pursue remedies for these thefts. Metinvest has

Russia has stolen steel from factories and ports in Ukraine, part of which is intended for customers in Great Britain. The losses are estimated at $600M, the general director of Metinvest stated, as reported by the BBC. Ryzhenkov said that public and company sources reported that the steel was shipped to Russia and sold in their domestic market or to countries in Africa and Asia. He added that the company is documenting as many of the thefts as possible and

 Metinvest has decided to remove the production equipment of the Zaporizhia Foundry and Mechanical Plant from the conservation regime and restart its operations. “We have every reason to resume work: the military situation in Zaporizhia is under control, we have received both standard orders and unique requests from customers, so now we are making every effort to fulfill them,” said Acting General Director Igor Dolgozviago. The Zaporizhzhya Foundry and Mechanical Plant plans to manufacture and restore parts for Metinvest’s enterprises

In 2021, the Metinvest Group’s metallurgical enterprises began producing 54 new products, including the result of a joint venture with Zaporizhstal, which has resulted in the release of seven new products. A significant economic effect from the sale of new products was achieved due to market conditions and increased operational efficiency in production and sales. Last year, most of the new products were in the thick-sheet segment  with 15 new products. New products also introduced in other segments, including 13

Metinvest Pokrovskugol will be managing the operational and administrative changes at the Pokrovsky Coal Group (PUG). It is specified that the new company will coordinate all divisions of coal production and consolidate non-production services of PUG enterprises, including the Pokrovskoye mine management and the St. Barbarian Concentrator. More than 400 employees of these companies have already been transferred to the company.

The international rating agency S&P Global Ratings has raised Metinvest’s long-term credit rating from “B” to “B +”, which is one step higher than Ukraine’s sovereign rating, and the outlook is stable. It is explained that in its report, it noted that the rating increase is due to the positive effect of operational improvements, as well as a significant reduction in the group’s debt, reported Interfax.

The company and a leading Austrian research center in metallurgy K1-MET will participate in an international research project in the field of sustainability and circular economy for processing metallurgical waste.

Forbes has published its rating of the 100 largest private companies in Ukraine. According to Forbes Ukraine, the top three private companies in 2021 are Metinvest, ATB-Market, and Kernel.

Along with its affiliates, Metinvest wants to buy out shares from minority shareholders in Ukraine’s largest coking coal producer, PrJSC Pokrovske Colliery (Donetsk region), under the squeeze-out procedure. Metinvest indirectly owns, together with affiliates, 841.925 million shares, which is 99.22% in the company’s charter capital.

. In the first, $800 million phase, Danieli and Metinvest are to build a plant capable of producing 1.2 million tons of steel a year – cold-rolled, galvanized and color-coated. The Italian equipment “will allow Metinvest to achieve world-class product quality at all stages of production – from semi-finished products to coated rolled products,” Yuriy Ryzhenkov, director general of Metinvest, said at the signing ceremony.

“The Committee is considering the case of concentration in the form of indirect acquisition by Metinvest BV Netherlands of assets in the form of an integral property complex, which together provide economic activities for the production and sale of metal products belonging to PJSC” DMK “. Case and assessment of the impact of the declared concentration on the competitive environment in the involved commodity markets, the Committee established the presence of possible negative effects on the market for commercial pig

Chinese trains passing across Ukraine to the EU “significantly increased,” UZ said. Seeking to develop Ukraine as a transportation corridor, UZ is developing new EU routes with DHL Global Forwarding and with Ukrainian companies for a multimodal ferry-train route – Turkey-Ukraine-Poland.