Ukrainian mining group and steel producer Metinvest plans to shift its investment focus from iron ore to steel for the rest of this decade, as it sees value moving back from the raw material to the alloy.The company is planning to boost its steel production to 25 million tons by 2020 from 15 million tons…
Metinvest within the framework of client oriented sales policy continues to expand distribution network and opened Steel Service Center in Vinnitsa. With introduction of the second Steel Service Center in the west of the country the company can better and timely meet the requirements of regional customers providing more effective cooperation.At the new Steel Service…
Metinvest, an international vertically integrated mining and steel group of companies, keeps on expanding its distribution network within strategy and tasks targeted on timely and successful fulfillment of clients’ demands. Metinvest SMC has opened a new metal center in Lviv. The new and only company metal center will allow becoming closer to the end customers…
Metinvest, the largest Ukrainian vertically integrated steel and mining group, reported on November 11 that it upped steel output to 10.98 million tons in nine months of 2011, equating to a 78% YoY increase.The primary driver for the latter was the acquisition of the Mariupol Ilyich Iron and Steel Works and its finalized integration with…
In the January to August period of the current year the steel-making subsidiaries of Metinvest, Ukraine’s largest vertically integrated mining and steel group, saw an 8% increase in their crude steel production to 9.762 million tons, a 6% rise in their finished steel production to 7.024 million tons and a 7% increase in their pig…
In January to June period of the current year Ukraine’s largest vertically integrated mining and steel group Metinvest saw a 77.6% increase in its crude steel production – to 7.345 million tons, helped by the use of high quality coke. In particular, in the given period Metinvest saw a 73.4% YoY increase in its pig…
The Ukraine-based vertically integrated mining and steel group Metinvest has completed the cold repair of the open hearth furnace No 6 at the open hearth shop of the Mariupol Ilyich Iron and Steel Works.The company invested around UAH 15 million in the repair works which took eight days. The previous repair of open hearth furnace…
Steel output at Ukraine’s plants owned by Metinvest Holding rose by 8% YoY in January to July to 8.5 million tons.Metinvest, Ukraine’s largest mining and metals group, which is owned by the country richest man Rinat Akhmetov, operates three steel plants located in eastern Ukraine.The company also increased its pig iron production by 6% to…