Metinvest pursues a strategy for the transition to green steel via by boosting output of DRI pellets – CCO
Long before the war, Metinvest, mining and metallurgical group of companies, developed a strategy for the transition to green steel production, said Dmytro Nikolayenko, Chief Commercial Officer (CCO) of the Group, during the Ukraine Recovery Conference in Berlin. "We at Metinvest developed a strategy for the transition to green steel long before the war with the support of McKinsey. It provided for the transition of blast furnaces to DRI at our steel mills," he said. At the same time, Mr Nikolayenko noted that there were two biggest problems in the transformation of green steel in the world. The first was the availability of "green" energy, the second was the availability of a source of virgin iron, produced in an environmentally friendly way with the lowest possible carbon emissions. "In both of these tasks, Ukraine can be a very good partner in the European context of this transformation, because we have a very good source of iron ore, which can be very well enriched – up to 70% or