There is no alternative to opening the Big Odesa ports in iron ore exports. A careful optimism has appeared on the market thanks to vessels with ore that have recently left the ports, the Metinvest CEO Yuri Ryzhenkov has said. Traditionally, Europe accounted for not less than 10% of Ukrainian iron ore products export, mostly…
Opendatabot, the service of monitoring registration data of companies and court registry, has published its first index of major enterprises of Ukraine with flawless business reputation – 10 in each category. 9 Metinvest enterprises have made it to the index. Thus, the first edition of the index includes Zaporizhstal (No. 1), Kametstal (No. 3) and…
Russian troops have already destroyed several hundred fakes – precise replicas of the newest American and European weapons. “Ukraine actively replaces howitzers, tanks, mortars and radars with dummies to force Russians waste their drones, missiles and shells,” CNN reports. Fakes are made by Metinvest. “After each hit, our military bring us the remnants. If the…
Metinvest has launched mass manufacture of engineering structures acting as catchers of Lancets (Russian kamikaze drones), protecting expensive military machines from the enemy drone attacks. So far, Metinvest has provided the Armed Forces of Ukraine with 32 structures free of charge, which are already in use at the hottest spots of the front. “Metinvest steel…
In January-June, Metinvest Group paid more than 6.3 billion UAH of taxes to the budgets of all levels. In particular, 1.5 billion UAH accounted for the single social payment, 1.5 billion UAH for the individual income tax and more than 1 billion UAH for the profit tax. The group also paid 872 million UAH for…
Metinvest will free-of-charge produce steel for Ukrainian Tryzub that will replace the Soviet crest on the “Motherland” monument in Kyiv and will become a financial partner of the project to reconstruct the landmark. The project was developed by Ukrainian Institute of Steel Structures named after Shimanovskiy. The Ukrainian Tryzub on the shield is a volumetric…
Only a small part of destroyed enemy war machines could be used as scrap for steel manufacture, Metinvest CEO Yuri Ryzhenkov believes. “Some think, that you can just take all this, smelt it and make new metal or machines, but it is not so. The remains are a very complex story, as that metal has…
During 16 months of the full-scale war, defenders of Ukraine received 411 various vehicles and 1.2 million liters of fuel from the Metinvest Group. The aid is provided under the Steel Front military initiative. At the beginning of the war, the special machines of the group enterprises were in demand: trucks, bulldozers, excavators and dump…
Metinvest is increasing output thanks to three factors. “First, the situation with electricity supplies and railroad logistics in Ukraine has stabilized. Second, the situation on our export markets of steel and ore is better than in the second half of 2022. And third, we have launched an additional blast furnace at Zaporizhstal,” Metinvest operational director…
Metinvest will provide assistance to the employees of its Kriviy Rih enterprises, whose flats were damaged by the Russian missile on June 13. This will be a financial assistance to repair housing. According to the group PR director Andriy Scherbak, Metinvest has been supporting its employees since the first day of the full-scale invasion. (Ukrainian…
Metinvest considers issues of strategic partnership with Italian companies in Ukraine, the company CEO Yuri Ryzhenkov has said at the Ukrainian Restoration Conference in Italy. “Ukraine lost manufacture of slabs and rails because of the destroyed plants in Mariupol. This is a problem, since Italy was a major consumer of Ukrainian slabs. On the other…
Metinvest B.V. has announced a final payment on bonds with maturity in 2023 in time and in full. “The clearing of 2023 bonds is a considerable achievement during the war and an important event for corporate issuers connected with Ukraine. Despite complex conditions, the group has demonstrated the stability of its obligations to bond holders.…
Supervisory boards of Pokrovskoye Mine Group, Avdiivka Coke and Chemical Works, Zaporozhogneupor and Mine-Construction Group No. 1 have prolonged the offices of their CEO for another year. Thus, Pokrovskoye MG prolonged the office of its CEO Valeriy Yakovenko from April 5 to April 2, 2024. The acting CEO of Avdiivka Coke Yuri Ktsinenko will remain…