The Metinvest Group plants in Mariupol and Zaporozhye are shut down. At the same time, Kametstal in Kamenskoye and mining and processing works in Kriviy Rih are operating at 30-40% capacity. “Everything is limited by logistics, we couldn’t possible carry more,” the group CEO Yuri Ryzhenkov has said. Since the start of the Russian invasion,…
Since the start of the Russian invasion, the Kriviy Rih enterprises of Metinvest have produced and supplied over 1.2 thousand Czech hedgehogs to the territorial defense units. “We help strengthen block posts. We provide special machinery and materials for construction of fortifications. We also lay electricity lines, create ovens and provide food,” the group said.…
Metinvest enterprises in Krivoy Rog, Kamenskoye, Zaporozhye and Pokrovsk are operating in normal mode. In particular, the Central and Ingulets Mining and Processing Works continue extracting iron ore. Kametstal is operating with metallurgical and by-product coke departments. Zaporizhstal is also working. Azovstal and Mariupol Ilyich Iron and Steel Works are being mothballed. No raw materials…
Metinvest-SMC will provide channels, beams and other rolled metal to strengthen the Ukraine’s defense. The materials can be used to produce Czech hedgehogs. The metal will be provided on a free-of-charge basis. “We ask to provide a letter from authorities, territorial defense or the military,” the company said on Facebook. (Ukrainian metal)
From March 1, Metinvest will increase wages at all its enterprises. This year, expenses on labor payments will grow by 10%. Moreover, from April 1 some employees will receive additional payments of 5% of 25% from their salary. Metinvest claims that its wages are 5-8% higher than their competitors’. As of February, the average salary…
The Metinvest enterprise in Kamenskoye has received a new name – Kametstal. The company comprises metallurgical and by-product manufactures (earlier Dneprovskiy Iron and Steel Combine and Dneprovskiy By-Product Coke Plant). The enterprise employs over 9 thousand people. The main products are blast furnace coke, continuous-cast and pipe billets, as well as rolled metal. Kametstal is…
In 2021, Metinvest enterprises produced 9.709 million tons of pig iron, up by 15% YoY. Steel output also grew by 15%, to 9.533 million tons. Manufacture of semi-finished products went up by 3%, to 3.411 million tons, including 1.347 million tons of pig iron (+24%), 1.651 million tons of slabs (-26%) and 413 thousand tons…
In 2021, the Metinvest Group of Companies paid 52.7 billion UAH of taxes to budgets of all levels, up 2.4-fold YoY. This was also the highest amount of taxes paid by the group in its history. Profit tax accounted for 33 billion UAH, up 6-fold. (Ukrainian metal)