Metinvest enterprises are able to satisfy the local demand for galvanized metal with thickness less than 0.3 mm, Metinvest Holding marketing director Roman Kurashev said, commenting Russian and Chinese duties. “First of all, we will commission a modernized hot-rolling mill-1700 at Mariupol Ilyich Iron and Steel Works, and thus will be using hot-rolled metal with…
Under the “Working conditions” program, Metinvest is gradually improving the amenities at its enterprises. Thus, after capital repairs the Metinvest-Promservice has received another bath with the size of 200 square meters in the sinter machinery repair shop. Over 2 million UAH were invested in the project. This year Metinvest has already spent 20 million UAH…
Since the start of the year Metinvest has provided over 16 million UAH for the beautification of the building surrounding grounds in Mariupol. The project is carried out under the “Comfortable yard” program On the territory surrounding buildings new children playground appear, as well as gazebos, benches and sports grounds. In 3 years Metinvest has…
In January-June iron ore manufacture at Metinvest enterprises grew by 3% YoY, to 14.454 million tons. In Q2 concentrate output increased by 1% QoQ, to 7.25 million tons, mostly due to the growth of output at SevGOK by 87 thousand tons, which compensated for the drop of 41 thousand tons at InGOK. Pellets manufacture increased…
In January-June Metinvest produced 3.923 million tons of steel and 4.008 million tons of pig iron, up by 3% but down by 7% YoY respectively. Coke manufacture dropped by 7%, to 2.48 million tons. In Q2 steel output increased by 2% QoQ, to 1.982 million tons, and pig iron – by 5%, to 2.051 million…
Metinvest has laid claims to Dneprovsky Iron and Steel Works. On July 5 the Commercial Court of the Dniepropetrovsk region initiated the bankruptcy procedure of DMK. Metinvest is one of the suppliers of raw materials to DMK. “We have for a long time tried to settle with ISD (Industrial Union of Donbass, owner of DMK)…
This year Metinvest will spend some 50 million UAH on the project to implement LED-lighting at the Severniy Mining and Processing Works. The old lamp replacement will improve the working conditions of the employees and will let save around 25 million UAH per year. At present the enterprise has a new lighting system at the…
Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…