The new Metinvest strategy program presupposes increasing steel output at the group’s assets.
According to the group marketing director Roman Kurashev, this concerns Mariupol Ilyich Iron and Steel Works and Azovstal, the loading of which at present is around 70-80%.
“Unfortunately, right now we can’t give them more, as we cannot provide for sufficient deliveries of raw materials. We’re working hard with Ukrzaliznytsia and hope that we will be able to settle the matter”, he said.
Kurashev stressed the importance of modernizing the current steel manufacture within the 10-year program.
“We will invest in modernization of our furnaces and converter capacities, as we understand, that we have to strengthen our product portfolio, and this is impossible without improving quality”, he said.
The weakness of the local market forces the group to export. (Ukrainian metal)