The mining and metallurgy company Metinvest has quickly adapted its production processes to the conditions of war, making transportation by rail and through the ports of Romania and Poland the main channels for shipments. Subsequently, the company began using Ukrainian ports for exports, which helped maintain stability in supplies. According to the group’s CEO, Yuriy Ryzhenkov,
This is reported by Business • Media
“Metinvest” holds the status of the largest exporter, and in 2024, the volume of iron ore exports and sales reached over 12 million tons.”
Recovery and Stabilization of Production
At its production facilities in Kryvyi Rih, Zaporizhzhia, and Kamianske, the company continues to operate without interruption. In 2024, iron ore production increased by 42%, pig iron production by 3%, and steel production by 4%, indicating the recovery and growth of enterprises under challenging conditions.
Investments and the ‘Green’ Modernization Strategy
Over the past year, Metinvest has invested more than $670 million in the development of Ukrainian capacities. In 2024, an additional investment of $1 billion is planned for production development. The company’s top management reports an ambitious ‘green’ modernization strategy for Ukrainian enterprises worth $8 billion over a period of 7 to 10 years. Creating safe conditions and stability in the country is a prerequisite for starting the implementation of these projects, noted Yuriy Ryzhenkov.