Based on the results of January-March of this year, Metinvest reduced steel production by 4% compared to the same period last year, and by 5% compared to the previous quarter – to 469,000 tonnes, according to a press release from the parent company Metinvest B.V. According to it, pig iron production decreased by 10% from … Read more
After the opening of maritime exports in 2023, the Metinvest mining and metallurgical group started to increase the workload of enterprises and did not reduce staff, director for sustainable development and interaction with personnel Tetiana Petruk said in an interview with dsnews.ua. “The worst year in the entire history of Metinvest was 2022. After the … Read more
The mining and metallurgical group Metinvest has announced a tender to buy back part of its Senior Notes due in 2025 and 2026 for up to $70 million. As stated in an exchange report of the holding company Metinvest B.V., the Senior Notes maturing in 2025 will be repurchased at 85-92% of par value, depending … Read more
The Metinvest mining and metallurgical group intends to build a plant in Piombino in the Italian region of Tuscany as one of the most technologically and environmentally advanced of its kind, which will become a pilot for our future investments of the company in Ukraine, Metinvest CEO Yuriy Ryzhenkov said in an interview with La … Read more
The largest private Ukrainian investment group SCM of businessman Rinat Akhmetov allocated more than UAH 32 billion (or $800 million) for capital investments and modernization in Ukraine in 2023, which is almost 52% more than in 2022. According to a press release, the investments were made in many areas. Thus, to ensure the energy independence … Read more
The final decision on the sale of FX currency to large Ukrainian companies and holdings and their further settlements from Ukraine on eurobonds with Western creditors will be made by the National Bank of Ukraine (NBU), First Deputy Prime Minister – Minister of Economy Yulia Svyrydenko said at the Made in Ukraine forum in Kyiv … Read more
The Cabinet of Ministers of Ukraine appealed to the National Bank of Ukraine (NBU) with a request to allow the sale of currency to large Ukrainian companies and holdings and its further transfer for settlements on eurobonds and with Western creditors. The corresponding applications for individual permits for cross-border transfers of currency values are formalized … Read more
Metinvest Mining and Metallurgical Group is currently operating at 30%-50% of the pre-war levels and will be able to restore its previous volumes within six months to a year after the end of the war, Metinvest CEO Yuriy Ryzhenkov told the British edition of The Economist. According to him, two metallurgical plants in Mariupol were … Read more
The Metinvest mining and metallurgical group is transferring part of the equipment of Mariupol-based Illich Steel Mill and Azovstal to a hot mothball mode. According to a press release from the company, this decision was made by the anti-crisis headquarters of Metinvest to ensure the safety of employees and preserve equipment. The combines, in particular, … Read more
Metinvest B.V. (the Netherlands), the parent company of the Metinvest mining and metallurgical group, has extended the maturity of its eurobonds, taking advantage of favorable market conditions. “Metinvest, the vertically integrated steel and mining group of companies, has successfully extended the maturity of its outstanding eurobonds, taking advantage of favorable market conditions. While being effectively … Read more