European manufacturers should consider the possibility of using unused capacity for the production and supply of semi-finished products in the EU internal market, Ryzhenkov is convinced.
Europe needs to take five steps to eliminate dependence on Russian metal products. Metinvest CEO Yuri Ryzhenkov said this in his own blog, explaining the statement with an example of his own company.
In particular, he pointed out that Metinvest lost two giant factories in Mariupol, but managed to maintain people, production and market positions.
“Has Metinvest been able to replace the slabs produced in Mariupol? Yes. We have changed all procurement and logistics, and all our rolling assets in Europe operate on slabs from other suppliers. Are we using of Russian slabs? Of course not. Can Europeans replace Russian slabs in your businesses? Yes, of course. You just have to try a little, remember that ethical issues are involved here as well as economic issues . Because buying Russian slabs means supporting the aggressor regime and the Russian military-industrial complex,” Ryzhenkov wrote about the necessary five steps.
According to him, Metinvest managed to stay afloat thanks to the speed of decision-making, diversification of suppliers, reorientation of production in accordance with market conditions, as well as the search for new markets and internal non standard solution.
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“Metinvest has always produced slabs at its Mariupol plants. The production of semi-finished products in Zaporozhye for third parties was not considered. But when this issue arose, the plant’s specialists has established the production of slabs suitable for rolling the main assortment of European plants. These slabs are already used to a certain extent by our Italian factories, in the near future we plan to start production of sheets from them to the British Spartan,” said the head of the company.
He also expressed the belief that European manufacturers should consider using unused capacity to produce and supply semi-finished products to the EU internal market.
“Today, the majority of consumers themselves refuse to be sponsors of the war and do not buy rolled sheets made from Russian slabs. In this context, the European regulator’s decision to ban the import of finished steel products of Russian origin, but left a gap in the form of temporary permits for semi-finished products, it seems unreasonable. This was noted in the European steel association Eurofer: they called for the rejection of additional requests for the exemption from the ban on the import of Russian steel from some member countries to protect the profitable business models of individual rolling mills,” said Ryzhenkov.
Let’s recall that earlier the CEO of Metinvest reported that his company is now working on a new environmental policy plan and implementing projects to reduce emissions at metallurgical plants.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.