Metinvest, Ukraine’s largest steelmaker, may face a shortage of coking coal.

Monday, April 22, 2019
Metinvest, Ukraine’s largest steelmaker, may face a shortage of coking coal.

Metinvest, Ukraine’s largest steelmaker, may face a shortage of coking coal. Concorde Capital calculates that Metinvest’s mines can only cover 57% of the 9.1 million tons of coking coal the company needs. On Thursday, Metinvest told Interfax-Ukraine that it has a long-term supply strategy that guarantees sufficient coal. However, Anatoliy Starovoyt, general director of Ukrkoks, the national association of coking coal consumers, worries that Ukraine’s seaports cannot handle an overnight doubling of coking coal imports. Last year, Ukraine met almost half of its needs for 13.3 million tons of coking coal by import coal from Russia, by rail.

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