Metinvest CEO: Steel Market Turnaround and Consumption Revival Expected in 2025
At the Siderweb 2024 forum held on 26 September in Vicenza, Italy, Yuriy Ryzhenkov, CEO of Metinvest Group, spoke about expectations for the global steel market recovery, the main reasons for stopping imports of Russian semi-finished products to the European Union, the scrap market and the Group’s new plant in Italy.Siderweb 2024 is the first annual forum dedicated to the current state and future of the steel industry in Italy and Europe. The event hosted over 500 participants, including representatives of major steel market players such as Marcegaglia, Danieli and Tata Steel. The main topics included global challenges, geopolitical influences and the latest scientific advances in steel production and construction.Yuriy Ryzhenkov participated in the “Steel in Italy and the World: A Roundtable on the Future Challenges of the Industry” panel. It also featured Alessandro Brussi, chairman and CFO of Danieli; Fernando Espada, president of Eurometal and CEO of Tata Steel Distribution Spain;