As one of Ukraine’s leading steel producers, Metinvest is embarking on a vision to expand across Europe and beyond, taking full advantage of the bountiful amounts of natural resources domestically available
Metinvest is an international vertically integrated group of steel and mining companies. Headquartered in Kyiv, it has five mining and 11 metallurgical assets in Ukraine, Bulgaria, Italy, the UK and the US. The group manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products.
Metinvest has vast raw material reserves, enabling self-sufficiency for around 250% in iron ore, 40% in coal and 100% in coke. The company also manages a global sales network of 42 offices covering the key markets of Europe, MENA, the CIS, North America and Southeast Asia. With assets close to key railway lines and ports, Metinvest can efficiently supply raw materials and steel products worldwide.
“In the steel industry, there is only one competitive advantage that you cannot copy, and that is geography,” said Yuriy Ryzhenkov, Metinvest Group’s CEO. “Location is very important: you have to be very close to natural resources or the customer.”
Metinvest’s strategic vision is to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles, while providing investors with returns at above-industry benchmarks. As part of this strategy, the group is committed to the highest environmental standards of the EU. Metinvest believes that international corporations will only be able to build a better world if they consciously preserve the environment and protect the climate.