Ukrainian steelmaker Metinvest in a latest update said thatit's enterprises in Ukraine, with the exception of those located in Mariupol and Avdiivka, continue to operate with a reduced level of load, taking into account security, logistics and economic factors. It said “In recent weeks, Russia has launched a large-scale campaign of illegal aerial bombardment using cruise missiles and drones aimed at Ukrainian power plants and power supply systems across the country. Civil servants and NPC Ukrenergo report increasing damage to the energy infrastructure, which causes more frequent and prolonged power outages for the population and industrial consumers.”Metinvest said “During the week that began on November 21, 2022, Russian attacks led to power outages across the country, and many large cities were left without water supply. Metinvest, along with all other industrial enterprises operating in Ukraine, was also affected, as for the first time since the beginning of a full-scale military invasion of Ukraine, production at the Group's Ukrainian enterprises was stopped in an emergency due to lack of power supply.”Metinvest added “Although power supply has since been partially restored, industrial producers use electricity from the grid within the available quotas, which can change daily. At the time of publication of this release, all Metinvest's enterprises in Ukraine affected by this situation had resumed their work, with the exception of Kametstal. Assessment of possible damage to the production facilities of the enterprise after the suspension and timing of the resumption of production is still ongoing. The prolonged lack of supply of square billets from Kametstal can also lead to the suspension of production at Promet Steel in Bulgaria.”It also said “Metinvest cannot predict how long Russia's attacks on Ukraine's energy infrastructure will last. Despite the efforts of Ukrenergo, power plant operators and distribution network specialists to restore electricity supply, there are significant risks that the situation with the availability of electricity in the country will continue to deteriorate. As a result, there may also be production disruptions at Metinvest's Ukrainian assets.”
Ukrainian steelmaker Metinvest in a latest update said thatit's enterprises in Ukraine, with the exception of those located in Mariupol and Avdiivka, continue to operate with a reduced level of load, taking into account security, logistics and economic factors. It said “In recent weeks, Russia has launched a large-scale campaign of illegal aerial bombardment using cruise missiles and drones aimed at Ukrainian power plants and power supply systems across the country. Civil servants and NPC Ukrenergo report increasing damage to the energy infrastructure, which causes more frequent and prolonged power outages for the population and industrial consumers.”Metinvest said “During the week that began on November 21, 2022, Russian attacks led to power outages across the country, and many large cities were left without water supply. Metinvest, along with all other industrial enterprises operating in Ukraine, was also affected, as for the first time since the beginning of a full-scale military invasion of Ukraine, production at the Group's Ukrainian enterprises was stopped in an emergency due to lack of power supply.”Metinvest added “Although power supply has since been partially restored, industrial producers use electricity from the grid within the available quotas, which can change daily. At the time of publication of this release, all Metinvest's enterprises in Ukraine affected by this situation had resumed their work, with the exception of Kametstal. Assessment of possible damage to the production facilities of the enterprise after the suspension and timing of the resumption of production is still ongoing. The prolonged lack of supply of square billets from Kametstal can also lead to the suspension of production at Promet Steel in Bulgaria.”It also said “Metinvest cannot predict how long Russia's attacks on Ukraine's energy infrastructure will last. Despite the efforts of Ukrenergo, power plant operators and distribution network specialists to restore electricity supply, there are significant risks that the situation with the availability of electricity in the country will continue to deteriorate. As a result, there may also be production disruptions at Metinvest's Ukrainian assets.”
