Metinvest and the fund-raising platform UNITED24 have raised more than 94 million UAH having sold 100 thousand wristbands of “Azovstal. The symbol of inviolability” made of the last batch of Azovstal pre-war steel. The wristbands were designed by a jewelry house SOVA. Nova Poshta took care of the delivery and Rozetka – of the sales.…
Metinvest continues supporting the defenders of Ukraine. Lately, two more module shelters have been sent to the Avdiivka area. The shelters were produced at the Kriviy Rih enterprises of durable steel. They can be easily disassembled and relocated. Each shelter has beds, special compartments for weapons and the removable floor. There is also a place…
Ukrainian border guards have received a large batch of equipment under the Steel Front Initiative. In particular, Metinvest provided 40 Mavic 3 and Mavic 2 drones, 10 heat imagers, three cars and 120 tons of metal structures. The total value of the aid is around 10 million UAH. (Ukrainian metal)
Metinvest Group has provided 3,000 bulletproof vests and 250 helmets to the National Guard in Zaporizhzhya region. The armor plates have the defence class of 4+. Each 10th bulletproof vest protecting Ukrainian defenders has been produced of Metinvest steel or bought by the company. Since the start of the Russian invasion, the group has provided…
Metinvest has announced a buy back of its Eurobonds with maturity on April 23, 2023 valued at $70 million for 70% to 80% of their nominal price. The group highlights that it intends to service its debt, but the ongoing war and unstable prices for Metinvest products create unprecedented problems for its operation. At present…
Metinvest has reported emergency halts of its enterprises on November 21-27. Then Russian troops again shelled Ukrainian power plants and electricity supply system resulting in the power outage across the country. “Metinvest together with all other industrial enterprises operating in Ukraine have suffered, as for the first time since the launch of the full-scale invasion,…
Metinvest enterprises in Kriviy Rih have supplied 300 stoves to the military. The production began after the Russian full-scale invasion and became more active in October. “While the Armed Forces fight back the aggressor, we cover their backs. Despite all the difficulties that have arisen during this war, Metinvest enterprises remain a support for Ukraine.…
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…