Metinvest has suspended operation of its vertical mine No. 3 near Pokrovsk. Other group assets in Pokrovsk, including two more mines, continue operating. These mines are situated on a safer distance from the combat line. The three mines are the onsly mines in Ukraine yielding coking coal, a key resource for the metal industry. Metinvest…
Under its Steel Front Initiative, Metinvest Group has constructed around 600 steel bunkers and command posts for the Armed Forces of Ukraine. Of them, 480 were used to create hideouts. 120 bunkers were used to create 20 steel command posts, of which 14 were operating and the rest were being delivered to the brigades. 4…
The European Union has to eliminate all the loopholes for the import of Russian semi-finished steel products, that have remained after the introduction of sanctions, as soon as possible, as Russia is using its resources to control, attack and make dependant on its will. “Now nothing prevents Russia from using its semi-finished products as a…
The war with Russia exhausts workforce in Ukraine. Companies try to overcome the acute shortage of personnel by employing women in traditionally man jobs, as well as hiring students, teenagers and older people. Tatyana Petruk, sustainable development director at Metinvest, said that now the group had around 4000 job offers, and the personnel shortage affected…
Metinvest is reviewing the issue of renting Liberty Czestochowa steel-smelting assets, the daughter company of Liberty Steel. The group has to carry out a concise evaluation of the assets to determine the launch date. Liberty Czestochowa’s steel shops could become an opportunity for Metinvest, which had lost almost a half of its steel capacities due…
In January-June, Metinvest produced 1.04 million tons of steel, up by 1% YoY. At the same time, pig iron manufacture decreased by 4%, to 884 thousand tons. Metinvest also produced 375 thousand tons of semi-finished steel products, down by 25%, and 1.19 million tons of rolled metal, up by 4%. In particular, flat rolled metal…
The Black Sea Trade and Development Bank (BSTDB) has announced a new EUR 10-million short-term facility extended to one of the subsidiaries of Metinvest Group, a renowned international conglomerate of steel and mining enterprises. This loan from BSTDB is strategically aimed at bolstering Metinvest’s export of iron ore products by facilitating dedicated working capital financing.…
The number of employees at Metinvest has decreased by 4.8 thousand people due to staff outflow and mobilization. Now the group offers around 4 thousand jobs. “2022 was the worst year in Metivest’s history. When the marine export resumed in 2023, we started increasing the capacity of our enterprises. Thus, last year we didn’t fire…
