Business news from Ukraine


23 June , 2021  

Metinvest, an international vertically integrated mining and metallurgical group of companies, is exploring the possibility, together with Itlay’s Danieli, to build a new rolling mill in Italy.
Metinvest CEO Yuriy Ryzhenkov said at a press conference devoted to the company’s 15th anniversary held in Kyiv on Wednesday that the project involves the construction of a new production facility in Italy, where Ukrainian slabs will be rolled into hot-rolled flat products.
“The Metinvest Group is really exploring the possibility of building a rolling mill in Italy,” Ryzhenkov said.
At the same time, he recalled that the group already has two plants in Italy, where flat-rolled products are produced from Ukrainian slabs. And Metinvest has always noted that this market is interesting and promising for the company.
“But Metinvest has not made a final decision on this project,” the top manager said.
According to him, now the project is at the pre-feasibility stage, negotiations are also underway with the owners of the site, and the construction of a plant is planned.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions, in European countries. In particular, in Bulgaria it has Promet Steel plant with a capacity of 500,000 tonnes of rolled metal per year, in Italy – Metinvest Trametal and Ferriera Valsider with a total annual capacity of 1.2 million tonnes. In the U.K., the company owns Spartan UK plant that is capable to produce 200,000 tonnes of rolled steel annually.
The main shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.

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