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Metinvest announced the development of a logistics center in Poland

Metinvest announced the development of a logistics center in Poland

Photo: Metinvest

The company intends to connect Ukrainian iron ore products to the steel production chain in Europe, said Yuriy Ryzhenkov.

Group Metinvest plan to increase the capacity of the logistics center in Poland for the sale of metal products of the Ukrainian enterprise. This was said by the company’s CEO Yuri Ryzhenkov in an interview with the Polish edition of Business Insider, published on Wednesday, August 30.

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He revealed the group’s investments in Poland, but not in metallurgical plants.

“We have a logistics center in Katowice for the transportation of steel products. We plan to develop it – increase the capacity. We are also considering the possibility of creating a joint venture, a new distribution center or buying an existing one , because we still supply a lot of Ukrainian steel to Poland and plan to continue to do so “, – said Ryzhenkov.

At the same time, the group Metinvest intends to connect Ukrainian iron ore products to the steel production chain in Europe.

“We are also considering the possibility of building new factories in the EU. We recently announced one of these decisions – we are planning to build a factory in Italy. This factory will be our first pilot project under new green strategy,” he said.

Ryzhenkov also said that in conditions of blockade of Ukrainian ports on the Black Sea, Russian metal products replaced Ukrainian ones in many markets, despite the sanctions. This also applies to Europe, where the Russians supply slabs for semi-finished steel products, which they previously exported Azovstal.

“Russia supplies these semi-finished products to many countries. It is in the Czech Republic, Belgium, Italy. and just close all the loopholes, which still exist on the sanctions lists of the European Union. And make sure that the Black Sea ports were unblocked,” Ryzhenkov concluded.

As you know, after the start of a massive war in February 2022 Metinvest lost control of the Mariupol plants Azovstal And They are MMK. Ilyich. Work was also suspended Avdiivka Coke Plant. And metallurgical plants Zaporizhstal And Kametstal operate at 65-70% and 75% of capacity, respectively.

Awhile ago in Metinvest assessed Poland’s readiness on the volume of Ukrainian exports. During the war, the group began to look for alternative routes.

The media also reported that Russia is ramping up sales of metal to the EU, while Ukrainian ports are blocked.

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Source: korrespondent

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