Metinvest positively sees the decision of the Cabinet of Ministers of Ukraine to allow companies to import electricity during its shortage on domestic market. “Metinvest decided to use this opportunity to organize purchases of electricity for its own needs, which allowed increasing quotas for electricity supply,” the company said. The decision has already positively affected…
In 2022, Metinvest produced 10.712 million tons of iron ore concentrate, down by 66% YoY. Pellets manufacture dropped by 45%, to 3.185 million tons. In Q4 2022, concentrate output grew by 108 thousand tons QoQ, but pellets decreased by 41%, to 489 thousand tons. Coal concentrate output last year went down by 11%, to 4.959…
In 2022, Kryvyi Rih enterprises of Metinvest paid 9.2 billion UAH to the state and local budgets. Income tax amounted to 2.67 billion UAH, single social contribution – 1.31 billion UAH and personal income tax – 1.12 billion UAH. Despite the martial law, the enterprises increased subsoil rent payment to 3.1 billion UAH and land…
To develop Ukrainian enterprises that extract iron ore, Metinvest needs to find a constant customer. That’s how the group CEO Yuri Ryzhenkov commented the plans to buy Dunaferr. “We have never made it secret that other European assets are of interest for us. Metinvest has been looking at European assets all the time, especially in…
Since the beginning of the Russian invasion, Metinvest logistics expenses on the transportation of iron ore abroad have grown almost 3-fold. “While before the war our logistics from Kryvyi Rih to China cost $35-40, now it’s $125-130 per ton of raw materials. And that’s the most economically profitable route – the Danube and the Port…
Under its “Steel Front” initiative, Metinvest has sent mortar tripods and bulletproof vests to defenders of Bakhmut. In particular, recently the group has provided 10 tripods. Soon 20 more tripods will be supplied. Moreover, the defenders also received 100 bulletproof vests. So far, Metinvest has provided more than 150 thousand bulletproof vests, either produced or…
Since the beginning of the Russian invasion, Metinvest has provided the Armed Forces of Ukraine with almost 1 million liters of fuel and 312 various machines. At first special machinery was supplied – trucks, bulldozers ad excavators. They were used in the construction of defence lines. Then Metinvest organized delivery of cars from abroad. They…
Metinvest and the Renat Akhmetov Foundation have provided Pokrovsk community with powerful diesel power plants to support faultless operation of boiler houses when there is no electricity. “The powerful diesel generators are capable of providing constant electricity manufacture. They have proven their efficiency in Zaporizhzhya hospitals, where 2 such generators fully support the operation of…
