Ukraine: Metinvest to paralyze metal industry
In November all Metinvest companies have been excluded from the automatic VAT reimbursement.
In November all Metinvest companies have been excluded from the automatic VAT reimbursement.
The state debt to the Metinvest companies increased in October by 13.1%, from 2.06 billion to 2.33 billion UAH.
In 2014-2015 the largest Ukrainian private mining-metallurgical group Metinvest went through the hoops of military activities in the East, but it still carries on modernization of its companies and lends a helping hand in rebuilding the destroyed infrastructure of the region.
Metinvest decided to buy spare parts for 7 locomotives belonging to Ukrzaliznytsya (Ukrainian Railways) to serve on the Kamysh-Zarya – Volnovakha line, where the company transports most of its products.
Metinvest has finished repairing the railroad bridge over river Kalchik. The bridge, that connected Mariupol Ilyich and Azovstal Iron and Steel Works with the ports, was blown on December 23, 2014.
The largest Ukrainian private mining-metallurgical group Metinvest has started negotiations with its creditors as to the debt restructuring with possible variants in mind (change of the payment schedule, capitalization, some debt adjustment, etc.).
Despite the words of Zakharchenko, the head of the so-called Donetsk People’s Republic, a terrorist organization, supported by Russia, Yenakievo Iron and Steel Works belongs to Metinvest and has no dealings with the terrorists.
Implementation of scrap metal export duties could be a compromise between metallurgists and scrap procurers, says Metinvest CEO Yuri Ryzhenkov.