Metinvest Group CEO Mr Yuriy Ryzhenkov in an interview with Bloomberg on the anniversary of Russia's full-scale invasion of Ukraine assured that Metinvest will be able to supply enough steel to restore Ukraine. He told “We are still the largest steel producer in the country. Of course, any country will need a significant supply of steel to restore infrastructure, and we are ready to supply it to Ukraine. Even in this very tragic year we experienced, Metinvest managed to develop and launch 24 new products. And we continue to expand our product line. I am confident that we will be able to supply enough steel to restore Ukraine. Infrastructure will be the main part of this plan: it will be railway infrastructure, housing, roads. And we will be there to supply steel for this renovation.”Mr Yuriy Ryzhenkov also said “It was a difficult year for Metinvest and the country as a whole. Unfortunately, we temporarily lost control over the two largest steel mills in Mariupol, which is about 30% of all the company's assets. In addition, iron ore industries and steel mills, which are still operating in Ukraine, are not loaded at full capacity due to power outages, infrastructure damage and blockade of Black Sea ports. Most facilities operate at less than 50% capacity.”He added “We do not know the exact extent of the damage caused to the objects. We have seen many videos from the first months of the war, but we do not know the actual state of the objects. It is likely that some of the plants remained intact or are in working condition. As soon as Mariupol is liberated from the occupiers, we will be able to send our specialists there and we will know what can be repaired and what is not. But in any case, our shareholder Rinat Akhmetov has already stated that we will restore these facilities. And these will no longer be the objects that were before. We will move towards green steel, to produce carbon-neutral steel. These will be new capacities built in Mariupol.”
Metinvest Group CEO Mr Yuriy Ryzhenkov in an interview with Bloomberg on the anniversary of Russia's full-scale invasion of Ukraine assured that Metinvest will be able to supply enough steel to restore Ukraine. He told “We are still the largest steel producer in the country. Of course, any country will need a significant supply of steel to restore infrastructure, and we are ready to supply it to Ukraine. Even in this very tragic year we experienced, Metinvest managed to develop and launch 24 new products. And we continue to expand our product line. I am confident that we will be able to supply enough steel to restore Ukraine. Infrastructure will be the main part of this plan: it will be railway infrastructure, housing, roads. And we will be there to supply steel for this renovation.”Mr Yuriy Ryzhenkov also said “It was a difficult year for Metinvest and the country as a whole. Unfortunately, we temporarily lost control over the two largest steel mills in Mariupol, which is about 30% of all the company's assets. In addition, iron ore industries and steel mills, which are still operating in Ukraine, are not loaded at full capacity due to power outages, infrastructure damage and blockade of Black Sea ports. Most facilities operate at less than 50% capacity.”He added “We do not know the exact extent of the damage caused to the objects. We have seen many videos from the first months of the war, but we do not know the actual state of the objects. It is likely that some of the plants remained intact or are in working condition. As soon as Mariupol is liberated from the occupiers, we will be able to send our specialists there and we will know what can be repaired and what is not. But in any case, our shareholder Rinat Akhmetov has already stated that we will restore these facilities. And these will no longer be the objects that were before. We will move towards green steel, to produce carbon-neutral steel. These will be new capacities built in Mariupol.”
