Metinvest

Friday, March 28

Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit.

Ukraine will require significant amounts of steel for reconstruction and searches for ways to address the deficit. After the war, Ukraine will have a substantial demand for steel to rebuild its infrastructure and housing, while the market will encounter challenges – competition from foreign suppliers, the necessit...

Tuesday, February 25

Metinvest has boosted its ore exports, continues to invest in Ukraine, and is constructing a plant in Europe.

Metinvest has boosted its ore exports, continues to invest in Ukraine, and is constructing a plant in Europe. In 2024, the Metinvest mining and metallurgical group significantly increased its total exports and sales of iron ore raw materials to over 12 million tons and notably reduced production costs, said C...

Wednesday, February 19

Metinvest is doubling its investment in iron ore assets and allocating a substantial amount of funds toward developing renewable energy.

Metinvest is doubling its investment in iron ore assets and allocating a substantial amount of funds toward developing renewable energy. In 2025, Metinvest Group plans to invest ₴5.7B ($135M) in the development of the Kryvyi Rih mining and processing plants. Compared to 2024, the company will increase its investment in iron ore assets ...

Friday, February 14

US steel tariffs will hit Metinvest and Interpipe, with one losing $58M.

US steel tariffs will hit Metinvest and Interpipe, with one losing $58M. The decision by the Trump administration to restore the 25% tariff on imports of Ukrainian steel products will have negative consequences for the largest players in domestic metallurgy. If the import ...

Tuesday, February 11

Metinvest plans to invest a record amount to modernize the Kametstal plant.

Metinvest plans to invest a record amount to modernize the Kametstal plant. In 2025, mining and metallurgical group Metinvest will invest over ₴2.5B ($60M) in upgrading the Kametstal plant, established at the facilities of the Dnipro Metallurgical Combine in the Dnipropetrovs...

Wednesday, January 29

A Ukrainian metallurgical giant has outlined the conditions for attracting investment in the exploration and development of minerals in Ukraine.

A Ukrainian metallurgical giant has outlined the conditions for attracting investment in the exploration and development of minerals in Ukraine. Metinvest, the mining and metallurgical group, states that extracting and processing minerals is relatively capital-intensive, requiring investors to make substantial initial investments to develop en...

Thursday, January 9

Ukraine needs security guarantees to stimulate international investment in industrial production; Metinvest introduces AI to save resources at Zaporizhstal.

Ukraine needs security guarantees to stimulate international investment in industrial production; Metinvest introduces AI to save resources at Zaporizhstal. Yuriy Ryzhenkov, CEO of the mining and metallurgical company Metinvest, said that 2025 should be the year of recovery for the devastated Ukrainian economy, but this requires security guarantees that w...

Monday, January 6

Ukraine can become the leading supplier of direct reduction iron to the EU and help Europe decarbonize its metallurgy.

Ukraine can become the leading supplier of direct reduction iron to the EU and help Europe decarbonize its metallurgy. Ukraine has five billion tons of magnetite ore, the primary raw material for direct reduction iron (DRI) production, the demand for which is growing strongly in Europe. Potential commercial supplies o...

Friday, November 22

Metinvest will cooperate with the Italian government to construct a €2.5B steel plant.

Metinvest will cooperate with the Italian government to construct a €2.5B steel plant. Ukrainian mining and metallurgical group Metinvest and the Italian Ministry of Enterprises signed a declaration of cooperation aimed at the revival of industry in the city of Piombino. The constructio...

Wednesday, July 3

The NBU’s currency restrictions threaten defaults in the corporate sector and an increase in the cost of loans to the state.

The NBU’s currency restrictions threaten defaults in the corporate sector and an increase in the cost of loans to the state. Oleksandr Vodoviz, the top manager of the Metinvest group, noted: “The largest easing package was introduced in May 2024: businesses were allowed to take foreign currency abroad to pay loans and...

Tuesday, June 18

Metallurgy and energy: key investments of Ukrainian business in the EU.

Metallurgy and energy: key investments of Ukrainian business in the EU. The total amount of Ukrainian investment in Poland has already reached more than €1B, while last year, more than 300 Ukrainian companies started operating in Romania. In general, businesses from Ukrai...

Wednesday, June 5

Four companies plan to invest at least $2.5B in Ukraine by 2026.

Four companies plan to invest at least $2.5B in Ukraine by 2026. Metinvest, OKKO, Terwin, and Vodafone plan to invest $300-600M each to develop their businesses in Ukraine during 2024-2025. OKKO says that they have been working on developments in the biofuel sector...

Thursday, May 16

Metinvest is resuming investment and will focus on green metallurgy during Ukraine’s reconstruction.

Metinvest is resuming investment and will focus on green metallurgy during Ukraine’s reconstruction. After the war, Metinvest will produce green steel at modernized production facilities that reduce the environmental burden, said the company’s top manager, Oleksandr Myronenko. With the start of...

Tuesday, April 30

Ukraine’s energy mix is greener than the EU’s energy mix; Ukraine can help Europe with decarbonization.

Ukraine’s energy mix is greener than the EU’s energy mix; Ukraine can help Europe with decarbonization. The top manager of Metinvest, Andriy Kryl, noted that the Ukrainian and European metallurgical sectors face the same challenges. “We are talking about decarbonization, about the production of gr...

Friday, April 19

Lacking personnel, big businesses in Ukraine cannot restore and increase their production.

Lacking personnel, big businesses in Ukraine cannot restore and increase their production. Some segments of the Metinvest group cannot currently reach even 50-60% of their pre-war production, said the group’s top manager, Tetyana Petruk. According to her, this is a common problem for ...

Wednesday, March 27

Metinvest plans to invest in Ukraine’s reconstruction, but there are obstacles.

Metinvest plans to invest in Ukraine’s reconstruction, but there are obstacles. The general director of the Metinvest group, Yuriy Ryzhenkov, says the expansion of logistics capabilities, currency liberalization, and transparent rules for booking employees are important condition...

Wednesday, September 6

The SCM Group has increased its investment in Ukraine by a quarter over six months, to UAH 12.7B.

The SCM Group has increased its investment in Ukraine by a quarter over six months, to UAH 12.7B. According to the company, the investments are designed to ensure Ukraine’s energy independence that is sufficient to provide for a stable winter heating period, restore and develop key enterpris...

Friday, August 18

Polish infrastructure is not ready for the volume of Ukrainian exports.

Polish infrastructure is not ready for the volume of Ukrainian exports. 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 infrastr...

Wednesday, August 16

A Ukrainian metallurgical giant believes that Ukraine has received powerful levers for completely liberating sea exports.

A Ukrainian metallurgical giant believes that Ukraine has received powerful levers for completely liberating sea exports. 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 geo...

Friday, July 7

Developing Mariupol’s steel mills using green technologies will take up to five years.

Developing Mariupol’s steel mills using green technologies will take up to five years. 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 tal...

Wednesday, March 29

Agriculture and the metal industry remained the export leaders in 2022.

Agriculture and the metal industry remained the export leaders in 2022. 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...

Tuesday, February 21

The mining and metallurgical giant Metinvest reduced steel production by 69% last year.

The mining and metallurgical giant Metinvest reduced steel production by 69% last year. 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 pr...

Tuesday, December 6

Azovstal demands sanctions against metal thieves.

Azovstal demands sanctions against metal thieves. 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 meta...

Friday, November 11

Ukrainian metallurgists paid about UAH 18B in taxes.

Ukrainian metallurgists paid about UAH 18B in taxes. 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 J...

Thursday, October 27

Metinvest group’s metallurgical enterprises are operating at 30-50% of capacity,

Metinvest group’s metallurgical enterprises are operating at 30-50% of capacity, 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. R...

Thursday, August 18

Russia tries to sell Ukrainian metal as its own.

Russia tries to sell Ukrainian metal as its own. 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 wo...

Monday, July 25

Russia steals steel intended for Great Britain.

Russia steals steel intended for Great Britain. 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 r...

Friday, April 1

Metinvest launches plant in Zaporizhia after conservation.

Metinvest launches plant in Zaporizhia after conservation. 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 ...

Thursday, January 27

Metinvest increased production by launching 54 new products.

Metinvest increased production by launching 54 new products. 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 ne...

Thursday, December 2

Metinvest has set up a company to manage Ukrainian coal assets.

Metinvest has set up a company to manage Ukrainian coal assets. 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 product...

Monday, October 18

Metinvest’s credit rating is higher than that of Ukraine. 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 sov...

Friday, October 15

Metinvest to join consortium to research steelmaking dust product recovery. 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 metallu...

Forbes rating of the top 100 companies in Ukraine. 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.

Wednesday, August 25

Metinvest offers to buy out shares from minority shareholders of Pokrovske Colliery. 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-ou...

Friday, June 11

Italy’s Danieli, a world leader in the production of steel plants, signed a deal yesterday to be the main equipment supplier for Metinvest’s new $1 billion cold rolling shop in Mariupol . 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 equip...

Tuesday, May 4

Metinvest’s desired acquisition of the Dnipro Metallurigcal Plant is drawing attention from Ukraine’s antimonopoly regulator. “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 prov...

Tuesday, January 19

This year could be good for renters and tough for landlords.

This year could be good for renters and tough for landlords. This year could be good for renters and tough for landlords. Plans call for developers to unleash 370,000 square meters of new space on the market – almost five times the 2020 amount. At the same time...

The enhanced coronavirus quarantine – or lockdown – will not be extended after Sunday night,

The enhanced coronavirus quarantine – or lockdown – will not be extended after Sunday night, The enhanced coronavirus quarantine – or lockdown – will not be extended after Sunday night, Prime Minister Shmygal told Interfax-Ukraine yesterday. On Monday, Ukraine returns to the milder ‘adaptive’...

The government is negotiating with six vaccine manufacturers

The government is negotiating with six vaccine manufacturers The government is negotiating with six vaccine manufacturers with the goal of starting vaccinations one month from now, Shmygal said. Separately, UIA has said it has prepared two Boeings to transport ...

With gas prices spiking during frigid weather in Europe, Ukraine is cutting household gas prices by 30% and capping them until the end of March

With gas prices spiking during frigid weather in Europe, Ukraine is cutting household gas prices by 30% and capping them until the end of March With gas prices spiking during frigid weather in Europe, Ukraine is cutting household gas prices by 30% and capping them until the end of March, according to a decision posted yesterday on the Cabinet...

In November, the pandemic’s peak in Ukraine, the number of people who died in Ukraine was up 35% yoy, to 63,440.

In November, the pandemic’s peak in Ukraine, the number of people who died in Ukraine was up 35% yoy, to 63,440. In November, the pandemic’s peak in Ukraine, the number of people who died in Ukraine was up 35% yoy, to 63,440. In October, the deaths were up 17.5% reports the Civil Service. During the first 11 mon...

This reintroduction of price controls is expected to rule out Ukraine receiving an IMF aid tranche during the first quarter.

This reintroduction of price controls is expected to rule out Ukraine receiving an IMF aid tranche during the first quarter. This reintroduction of price controls is expected to rule out Ukraine receiving an IMF aid tranche during the first quarter. Timothy Ash writes: “Hard to see the IMF lending while this cap remains in ...

Corporate farms suffered a 14% yoy drop in crop harvests in 2020

Corporate farms suffered a 14% yoy drop in crop harvests in 2020 Corporate farms suffered a 14% yoy drop in crop harvests in 2020, the State Statistics Service reported yesterday. While this export-oriented sector was hardest hit, Ukraine’s overall agricultural pro...

Ukrzaliznytsia trains carried 61% of the Ukraine’s grain for export last year,

Ukrzaliznytsia trains carried 61% of the Ukraine’s grain for export last year, Ukrzaliznytsia trains carried 61% of the Ukraine’s grain for export last year, the railroad reports. Overall, UZ moved 35.2 million tons of train last year – 87% for export. Grain accounted for 11.5% ...

Ukrzaliznytsia, the workhorse of Ukrainian logistics, carried 40 million tons of cargo between Ukraine and the EU last year

Ukrzaliznytsia, the workhorse of Ukrainian logistics, carried 40 million tons of cargo between Ukraine and the EU last year Ukrzaliznytsia, the workhorse of Ukrainian logistics, carried 40 million tons of cargo between Ukraine and the EU last year, the state railroad reports. One quarter of that traffic was with Poland. Ex...

Rail container traffic grew by 11%

Rail container traffic grew by 11% Rail container traffic grew by 11%, to 425,000 TEUs in 2020, Ukrzaliznytsia reports. The portion of traffic carried in dedicated container trains jumped by 41%, to 230,000 TEUs. Direct container train...

Chinese trains passing across Ukraine to the EU “significantly increased,”

Chinese trains passing across Ukraine to the EU “significantly increased,” 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 a...

Fueled partly by Chinese demand, Metinvest, Ukraine’s largest private company, rode strong steel prices to

Fueled partly by Chinese demand, Metinvest, Ukraine’s largest private company, rode strong steel prices to Fueled partly by Chinese demand, Metinvest, Ukraine’s largest private company, rode strong steel prices to report steel output growth by 9% yoy last year, to 8.3 million tons. Its Inhulets mining and ...

Looking ahead

Looking ahead Looking ahead, Concorde Capital’s Dmytro Khoroshun writes: “We expect Metinvest to continue producing steel at daily rates of at least 23-24 kt in January-February in order to make the most of the rec...

Ukraine’ pig iron exports increased by 20% yoy last year

Ukraine’ pig iron exports increased by 20% yoy last year Ukraine’ pig iron exports increased by 20% yoy last year to 3.1 million metric tons, reported Steelorbis news site. In value terms, exports rose 15% to $992 million. The biggest buyers were: US – 58.5...

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