The company is considering the possibility of building or acquiring new green steel production facilities outside Ukraine, which will use Ukrainian raw materials.
The Metinvest Group produced about 14 million tons of steel before the war. Today, due to the loss of businesses, it is about 5.5-6 million tons. But the company intends to increase production and invest in “green” metallurgy in Ukraine and Europe. The CEO of Metinvest Yuri Ryzhenkov spoke about this in an interview with Bloomberg TV.
“Metinvest has a relatively good resource base in Krivoy Rog, which can be improved to ensure the production of green steel in Europe. Therefore, our strategy is to develop the production of “green” steel in Ukraine,” said by Ryzhenkov.
According to him, it is necessary to wait until the military risks are significantly reduced so that the company can make significant investments in Ukraine, Ryzhenkov clarified. But the investment plans are ready.
“We are considering the possibility of building or acquiring new green steel production facilities outside Ukraine, which will operate Ukrainian raw materials with assets from neighboring countries,” added the company’s CEO .
Earlier, Metinvest announced plans to invest $9 billion in green innovation over the next 5-10 years.
It was also noted that Metinvest joined the government’s platform for the restoration of domestic metallurgy using “green” technologies.
Source: korrespondent
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