In January-September, Metinvest enterprises decreased steel output by 62% YoY, to 2.668 million tons. Pig iron manufacture dropped by 65%, to 2.473 million tons. Metinvest produced 882 thousand tons of semi-finished products, down by 64%, due to the considerable drop in liquid pig iron manufacture. This was partially compensated for by the consolidation of billets…
Metal industry in Ukraine is facing serious problems due to war and is operating not at full capacity. Yet, it provides civilians and the military with the maximum aid. “In Ukraine we have two iron and steel works. One in Zaporizhzhya and one in Kamyanskye. Both are operating, their capacities are 50-60% loaded. Yet we…
The balance cost of Metinvest property destroyed as a result of the Russian full-scale invasion totals 96.5 billion UAH, not considering lost profit. The main destroyed or damaged enterprises are situated in Mariupol, in particular, Azovstal and Mariupol Ilyich iron and Steel Works. A considerable damage was done to 21 enterprises, including Avdiivka Coke and…
Rescuers of the Cobra special militarized emergency service have received 50 sets of protection means – bulletproof vests and helmets – from Metinvest. “The vests are equipped with reliable armored plates of the 4th protection level produced by Metinvest. They will help protect the Cobra employees, as they are one of the first to come…
In January-September, taking into account associated enterprises and joint ventures, Metinvest paid almost 18 billion UAH of taxes to budgets of all levels. Profit tax was the highest, amounting to 6 billion UAH, followed by the social payment of 3.3 billion UAH. Despite the Russian invasion, Metinvest increased rent payments for iron ore extraction by…
Since the start of the Russian invasion, Metinvest has channeled 2.1 billion UAH to support the army, civilians and its employees, including 1.4 billion for the military under the Steel Front initiative. Metinvest has become one of the largest suppliers of special steel and protection means in Ukraine. Each tenth bulletproof vest in the Ukrainian…
Metinvest has lost control over Azovstal and Mariupol Ilyich Iron and Steel Works and cannot continue their manufacturing activity because of the city occupation by Russia, but it is still selling their products amassed at the warehouses before the war. The group also continues to struggle with Russian theft of metal, as it tries to…
Metinvest is implementing measures to decrease water and electricity consumption at its enterprises. Thus, Metinvest Pokrovskugol transport department has launched an efficient water usage by using it twice. This not only saves resources, but also provides the uninterrupted operation of car wash during war. Every morning all the transport means are washed. On average 100…
Metinvest under its “Steel Front” initiative has provide the Defence Intelligence Service with 110 thermal imager sights valued at around 11 million UAH. Such devices are used in the enemy rear in special operations, as well as when patrolling on own territory. “We have been waiting long for this batch of sights, since there are…
Metinvest has sent another batch of 800 high-protection class bulletproof vests to the Avdiivka area. According to the experts, the vests are made of high-strength steel. “We support our military in the fight against the Russian horde. Metinvest Group has already provided the defenders and the critical infrastructure employees in Avdiivka with over 2300 ammunition…
Under his “Steel Front” initiative, the Ukrainian businessman Rinat Akhmetov has provided the Armed Forces of Ukraine with 25 mobile shelters made of steel. There are plans to provide 30 such shelters each month. The shelters were developed by Metinvest. They represent a full-scale housing: they have a rest zone, a place for a stove…
150 thousand bulletproof vests have been produced and provided to the Ukrainian servicemen under the “Steel Front” initiative of Rinat Akhmetov at Metinvest enterprises since the start of the full-scale Russian invasion. This is every tenth vest in Ukraine. The vests made of Metinvest special steel are provided to the military free of charge. Moreover,…
10 construction and manufacturing enterprises, to which Metinvest owes more than 142 million UAH, have addressed the group with an open letter. The debt accumulated in December 2021 – February 2022. The companies say they have fulfilled the agreed amount of work and supplied raw materials. (Ukrainian metal)