Metinvest, Ukraine’s largest steelmaker, plans to increase production by 61% this year after combining assets with competitor Mariupol Iron and Steel Works named after Ilyich and modernizing its plants.Mr. Sergiy Novikov, CFO of Metinvest, said the steelmaker expected to produce as much as 15 million tons of steel in 2011.He said the company would concentrate…
Metinvest, an international vertically integrated mining and steel group of companies, keeps on expanding its distribution network within client-oriented sales policy. Metinvest SMC has opened a new metal center in Mariupol. Planned volumes of sales for 2011 will amount to about 50 thousand tons.SMC in Mariupol is located in the neighborhood of Metinvest mills and…
Metinvest, a vertically integrated group of metals and mining companies, will commence sales of products from Moldavian Steel Works (MMZ).Nearly 33,000 tons of products will be shipped for Metinvest during the first month of production. Long rolled steel will be sold in Ukrainian market through the retail network of service metal centers of Metinvest SMC,…
In the January to April period of the current year the steelmaking subsidiaries of Metinvest, Ukraine’s largest vertically integrated mining and steel group, saw an 8% increase in their crude steel production to 4.938 million tons, a 13% rise in their finished steel production to 4.359 million tons and a 5% increase in their pig…
Metinvest is launching BOF steel rails production at Azovstal Iron and Steel Works. The manufacturing procedure for the rails production has been approved by Azovstal’s strategic partner Ukrzaliznytsya.Metinvest experts together with the State Research and Development Center of Ukraine have developed and evaluated the manufacturing practice for BOF steel rails and all delivery trials have…
Metinvest will become the first and only company in Ukraine to offer clients a maximum wide product range of structural shapes. Starting with Q2 of 2011 the network of service metal centers will be able to offer a full product range of structurals for their clients, including items that were not available before. The output…
Metinvest announced that it plans to increase efficiency of its Yenakievo Iron and Steel Works by improving the production site administration and management. The planned steps, taken within the frame of Metinvest’s ongoing continuous improvements, reconstruction and production modernization program are expected to result in growing margins of Yenakievo Iron and Steel Works due to increased…
Reuters reported that Ukraine’s largest mining and metals group Metinvest planned to boost steel output to 25 million tons in the long run through acquisitions and modernization of its existing facilities.Metinvest quoted its director Mr. Ihor Siryi as saying in a statement that “Our long term target is to reach the level of 25 million…