Metinvest B.V. has confirmed the fulfillment of its debt obligations even under the martial law. Thus, on September 1, the group made the last payment on the Eurobonds with the maturity in 2027. In this the group benefits from considerable diversification of its assets both from the view of product portfolio (iron ore concentrate, rolled…
Kazakh President Kassym-Jomart Tokayev and ArcelorMittal Chairman and CEO Lakshmi Mittal held a meeting. The meeting focused on the issues related to the provision of safety conditions at plants, fair salaries for local residents, fulfillment of social obligations and upgrading the company’s logistics base. The President drew attention to the issue of meeting the demands…
Centravis has reported some details about its current situation considering the ongoing war. In September, the company hot and cold shops will operate in two shifts. The logistics team is looking for the best and safest ways to deliver products to customers, while the sales team is working with clients developing the current cooperation and…
In January-August, Zaporozhkoks, one of the largest manufacturers of by-product coke chemistry, decreased blast furnace coke production by 19.3% YoY, to 466.7 thousand tons. In August, output totaled 70.5 thousand tons, in July – 69.9 thousand tons, in June – 68.39 thousand tons, in May – 67.97 thousand tons, in April – 52.66 thousand tons,…
In January-July, Kametstal decreased metallurgical coke output by 32% YoY, to 227.3 thousand tons. In July, the company produced 25.8 thousand tons of metallurgical coke. Bulk 6% moisture coke manufacture in 7 months totaled 263.1 thousand tons, including 30 thousand tons in July. In January-July, Kametstal produced 366 thousand tons of coke, including 48 thousand…
Russian troops have flooded a lot of mines in Lugansk region, so it is impossible to restore the industry in the previous volume, Lugansk region military administration head Sergey Gayday has said. “The occupiers have flooded the mines and sent men to war. Many have already been killed. Many have been maimed. We will not…
Metinvest will resume investing in new Ukrainian assets only after the war. “Ukraine has to win decisively for the investments to be resumed,” the group CEO Yuri Ryzhenkov has said. During the war, the group is revising its strategy, but the goal remains unchanged – to become one of the key players on the European…
In August, Zaporizhstal produced 74.7 thousand tons of rolled metal, down by 73.4% YoY. Pig iron manufacture dropped by 63.6%, to 145.6 thousand tons, and steel – by 72.2%, to 94.4 thousand tons. In January-August, Zaporizhstal output decreased by 55.2% YoY, to 3.51 million tons. In particular, the company produced 1.42 million tons of pig…