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…