Ukraine: Metinvest not to sell Zaporizhstal
The Ukrainian largest private metal company – Metinvest – thinks positively of the Zaporizhstal operation and supports its development.
The Ukrainian largest private metal company – Metinvest – thinks positively of the Zaporizhstal operation and supports its development.
Metinvest B. V. (the Netherlands) has increased its share in the Central Mining and Processing Works (CGOK, Dniepropetrovsk region) from 99.5707% to 99.7481%.
Private limited company Metinvest B. V. (the Netherlands) has increased its share in Azovstal Iron and Steel Works from 74.54305% to 74.66433%, or from 3133789.683 thousand shares to 3138888.507 thousand shares.
Beginning with October the largest mining-metallurgical group of Ukraine – Metinvest – started selling its plate with double certification according to EN 10025-2 and GOST 14637.
According to the Metinvest CEO Yuri Ryzhenkov, Mariupol Ilyich Iron and Steel Works and Azovstal Iron and Steel Works operate at 80-85% of their capacities, while Severny, Ingulets and Central Mining and Processing Works have all their capacities fully loaded.
Holders of over 50% of Metinvest shares with maturity in 2016-2018 have created a special committee.
Metinvest Group of Companies is not interested in buying the Mariupol sea trading port, in case the state decides to sell it.
Metinvest, Ukraine’s largest private mining and steel group, has refused to rule out writing off part of its debt which is to be restructured, Group CEO Yuri Ryzhenkov said.