Last year, Metinvest entered the markets of India, Sweden and Norway, exporting coal and steel raw materials.
Metinvest Rinat Akhmetov became Ukraine’s largest exporter in 2024. The corresponding rating was published by Forbes Ukraine.
Journalists have made a rating of 50 companies that make a significant contribution to the Made in Ukraine brand worldwide and the support of the domestic economy. The first five of the largest exporters in the mining and metallurgical complex (GMK) also include the Arleselormital Krivoy Rog, Ferrexpo and Interpipe.
The basis for rating development is data on export operations from the largest company in Ukraine and from the base of Customs Customs, as well as labor and other industry statistics.
According to publication export, exporting of Ukrainian GMC products in 2024 costs $ 7.3 billion, and the amount of exports of metinvest, including Zaporizhstal’s joint adventure -$ 3.9 billion. In 2024, Metinvest entered India (coal), Sweden and Norway (iron ore raw materials) markets.
Among the factors that last year it influenced the export of GMC products -the restoration of access to Black Sea ports and a falling price. And the list of the largest imports of Ukrainian metal products and steel raw materials include Poland, China, Bulgaria, USA and Slovakia.
“Our export strategy has not changed much. There are major markets -ukraine, EU countries, where we deliver more than 50% of products to a full -scale aggression. And there are others, so -the balance markets, which are characterized by a more opportunistic supply strategy. We are not going to expand the geography: they went to Scandinavia, the nations of northern Europe, “said Metinvest General Director Yuri Ryzhenkov.
As you know, Metinvest paid a budget of 20 billion taxes in the UAH in 2024. It was 36% more than 2023. Also, from February 24, 2022, Metinvest, considering the joint adventure, spent more than 30 billion UAH in capital investments in Ukraine – this is the second indicator in the state.
Remember that last year nine metinvest group companies were included in the index of the best businesses in Ukraine according to Opendatabot data. And in the fall, the group entered the top of Ukraine’s largest tax.
Also, the Metinvest with 270.5 billion UAH revenue took place in the ranking of the largest private business in Ukraine.
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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.