Ukrainian steelmaker Metinvest has suspended almost all strategic investment projects due to the war in Ukraine. “Almost all current strategic investment projects have been suspended, with the exception of the construction of a new block of mine No 11 at Pokrovsk-Vuhillia to maintain production volumes, said Metinvest at the 14th annual corporate conference JP Morgan Global Emerging Markets, on 6 March 2023, says Interfax“Strategic priorities will need to be comprehensively reviewed after the end of the active phase and assess the impact of the war. The group is looking for opportunities to improve synergies between Ukrainian and foreign assets as they are vertically integrated, the company's future plans after the end of the war are explained, added MetinvestAccording to the presentation, since the outbreak of hostilities, Metinvest has transferred part of its assets to a hot conservation mode to ensure the safety of employees, protect equipment and prevent any industrial accidents that military operations could potentially lead to. At the same time, critical repairs continue to ensure an adequate level of productivity, as well as in preparation for increasing production after the end of the war.
Ukrainian steelmaker Metinvest has suspended almost all strategic investment projects due to the war in Ukraine. “Almost all current strategic investment projects have been suspended, with the exception of the construction of a new block of mine No 11 at Pokrovsk-Vuhillia to maintain production volumes, said Metinvest at the 14th annual corporate conference JP Morgan Global Emerging Markets, on 6 March 2023, says Interfax“Strategic priorities will need to be comprehensively reviewed after the end of the active phase and assess the impact of the war. The group is looking for opportunities to improve synergies between Ukrainian and foreign assets as they are vertically integrated, the company's future plans after the end of the war are explained, added MetinvestAccording to the presentation, since the outbreak of hostilities, Metinvest has transferred part of its assets to a hot conservation mode to ensure the safety of employees, protect equipment and prevent any industrial accidents that military operations could potentially lead to. At the same time, critical repairs continue to ensure an adequate level of productivity, as well as in preparation for increasing production after the end of the war.
