|
|
|
|
2023-08-31 00:00:00
|
|
Metinvest's chief, Yuri Ryzhenkov, sees potential in establishing steel-consuming facilities in Poland that would integrate with Ukraine's rejuvenation efforts. In a dialogue with Business Insider Poland, Ryzhenkov disclosed that Metinvest faced significant setbacks last year, losing operational command of two Mariupol plants, Azovstal and Illich, due to conflict-related damages and subsequent Russian occupancy. Furthermore, the Avdiyivka coke production came to a halt.
Despite the challenges, the Zaporozhstal and Kametstal smelting facilities maintain operation, functioning at 65-70% and 75% of their potential, respectively. While 25% of their output caters to the domestic market, the bulk is exported, predominantly to neighboring European nations like Poland, Slovakia, the Czech Republic, Romania, and Bulgaria. They also serve markets in Italy, Germany, and France.
Ryzhenkov confirmed the company's expansive investment aspirations in Central and Eastern Europe, emphasizing Poland. He elaborated, "Our investment in Poland won't be in the steel mills directly. We've set up a logistics hub in Katowice for our steel goods and envision its expansion. Increasing capacity is on the cards. We're also considering a potential joint venture, launching a fresh distribution center or acquiring an existing one. Our steel shipments to Poland have been significant, and we aim to sustain that."
He added a perspective on Poland's steel landscape, noting the presence of significant steel entities. "The Polish market, already saturated with steel products, is well-served by these major players. I doubt there'll be new steel manufacturing setups in Poland anytime soon," Ryzhenkov remarked.
|
|
|