Metinvest Seeks to Develop Green Steel Production in Ukraine
- Metinvest CEO Yuriy Ryzhenkov outlines plans to Bloomberg TV
- Decarbonized steel output is Ukraine’s future, CEO says
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Ukraine’s biggest steelmaker is seeking to develop decarbonized steel production facilities in Ukraine once risks from Russia’s invasion subside, according to its chief executive officer.
Metinvest BV lost two mills in Ukraine’s Mariupol after Kremlin troops invaded Ukraine in 2022, with annual steel output declining to between 5.5 million tons and 6 million tons from around 14 million tons before the war. While returning to pre-war production levels will be “virtually impossible” now, Metinvest still has a “pretty good” resource base to cater for green steel production in Europe, CEO Yuriy Ryzhenkov said in an interview with Bloomberg TV.