In case the marine corridor in the Black Sea operates stably, Metinvest could considerably increase sea shipments of its iron ore products.
“If the corridor operates stably, there is a possibility that by the end of Q1 2024 we will have increased the capacity loading of our GOKs from 35-40% in 2022 to 75-80%,” Metinvest CEO Yuri Ryzhenkov has said.
According to him, after the start of the Russian invasion, the group was able to rebuild logistics chains and find alternative sources for raw materials. Thus, the group used to produce coke at Avdiivka Coke and Chemical Works, but now it is bought in Poland. There are also suppliers from Hungary and Italy. This allowed stabilizing manufacture. (Ukrainian metal)