Metinvest ships more than half of its products in Mariupol on large vessels

Metinvest Mining and Metallurgical Group dispatches more than half of the products manufactured in Mariupol (Donetsk region) – to the Ilyich Iron and Steel Works and Azovstal – on large-tonnage vessels from the city’s commercial port, said the director of corporate finance at Metinvest Alexander Lyubarev during the ongoing financial forum in Odessa.

According to him, about 35-40% of cargoes are delivered and dispatched by Mariupol metallurgical enterprises by rail.

“The rest is by sea, since it is economically more profitable to ship metal by large ships from Mariupol,” the top stated -manager of Metinvest.

At the same time, he noted that after the construction of the Kerch bridge, the situation with the passage of ships has become more complicated, they are being detained for inspection, so the authorities should at the state level deal with the establishment of issues related to the passage of ships.

At the same time, A. Lyubarev noted that the situation has improved somewhat recently, expressing the assumption that in the next year and a half it will not worsen.

“Although the question still remains – how effective will be managed by Ukrzaliznytsia, will carry out transportation, will there be locomotives “, – added the top manager.

The company representative added that the difficulties with the shipment of goods from Mariupol did not affect the implementation of contracts:” And during the war there were no difficulties with this, as there are stocks in the ports. “

A. Lyubarev stressed that Metinvest is making large investments in the Mariupol plants.

” In 2018, about $ 800 million were invested in the group’s enterprises as a whole, of which about $ 200-250 million were invested in the Mariupol plants, “the financier said.

Metinvest is a vertically integrated mining group of companies that manages assets in each link in the production chain from iron ore and coal mining and coke production to the production of semi-finished products and finished products from steel, pipe rolls and coils, as well as the production of other products with high added value. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the United States and has a sales network covering all key world markets.

The main shareholders of Metinvest are the SCM group (71.25%) and Smart -holding “(23.75%), jointly managing the company.

Metinvest Holding LLC is the managing company of the Metinvest group.

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