Beginning with October the largest mining-metallurgical group of Ukraine – Metinvest – started selling its plate with double certification according to EN 10025-2 and GOST 14637.
According to the Metinvest CEO Yuri Ryzhenkov, Mariupol Ilyich Iron and Steel Works and Azovstal Iron and Steel Works operate at 80-85% of their capacities, while Severny, Ingulets and Central Mining and Processing Works have all their capacities fully loaded.
Holders of over 50% of Metinvest shares with maturity in 2016-2018 have created a special committee.
Metinvest Group of Companies is not interested in buying the Mariupol sea trading port, in case the state decides to sell it.
Metinvest, Ukraine’s largest private mining and steel group, has refused to rule out writing off part of its debt which is to be restructured, Group CEO Yuri Ryzhenkov said.
The Ukrainian mining-metallurgical sector is in decay. The leading companies are balancing on the edge of profitability. First of all, because of the problems with raw materials deliveries due to the military activity in the East. Iron ore extraction tax also affects this. For the past 1.5 years it has grown 20 times.
The largest metal-mining company of Ukraine Metinvest renewed its iron ore supplies to Alchevsk Iron and Steel Works after it was relaunched in June.
Metinvest Group of Companies has applied to the Anti-monopoly committee of Ukraine asking for permission to purchase the Dneprodzerzhinsk By-product Coke Plant, owned by the Russia-based Evraz.
