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Breaking News
7/19/2024

Rinat Akhmetov's greetings on the occasion of the Day of Metallurgists and Miners

Dear friends!I sincerely wish you a happy Metallurgical and Mining Industry Workers' Day!Unfortunately, for the third year in a row, we celebrate this day in the conditions of a full-scale war, to the sounds of air raids and explosions. Despite all the enemy's efforts to break us, the open pits, mines, and blast furnaces continue to live and operate. And with them, Ukraine's economy and industry continue to live and work. Thanks to you, Ukrainian metallurgists and miners. Thanks to your hard work, courage, and dedication.I am convinced that true patriotism is not words. It is about taking action and showing courage, even in the toughest times, to stand with Ukraine—defending its freedom and independence, and contributing to its development and strength.In peacetime, we all took pride in Metinvest's impressive steel projects—bridges, residential complexes, wind farms and ships. We took pride in the technical university, where we invested significant effort, resources, and expertise in
Breaking News
7/18/2024

Metinvest Launches New Securitisation Deal

Metinvest B.V., the parent company of an international vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the Group”), today announces the successful launch of a new accounts receivable securitisation programme for its Italian re-rollers, Metinvest Trametal and Ferriera Valsider. The transaction will allow to finance a pool of accounts receivable up to EUR 50 million. The facility has a maximum tenor of five years and a one-year rolling commitment. It will support sales in the EU and improve the working capital position of Italian re-rollers of the Group.The transaction has been structured by Banca Akros S.p.A (Gruppo Banco BPM) through an Italian Law 130/99 special purpose vehicle. It involves the issuance of partially paid variable funding senior notes, backed by a portfolio of trade receivables originated by Metinvest Trametal and Ferriera Valsider. Banco BPM S.p.A. through Banca Akros S.p.A. acts as senior investor in the transaction.
Modernization
7/18/2024

Reconstruction of the Benzene Section Building at PJSC "KAMET-STEEL" Completed

In the by-product recovery shop, as part of the reconstruction project, comprehensive restoration work on the benzene section building, which contains vital equipment for the stable production process, has been completed. The building houses pumping units, various process equipment, and communications to the benzene column in front of the building. Operating for as long as Kamet Steel's coke-chemical subdivisions, the building had significantly deteriorated due to its extensive use. In particular, the walls, windows, roofing, floor slabs, and beams were recently in an unsatisfactory condition. In this regard, a "restoration" of the building was carried out to avoid emergency situations. Repair specialists of Metinvest-Promservice, in collaboration with experts from the shop's maintenance services, during long and large-scale works managed to upgrade from scratch a monolithic reinforced concrete roof belt, equipped a soft roof, repaired and reinforced the heads of the supporting column
Breaking News
7/18/2024

Metinvest Among Ukraine’s Top Ten Successful Investors According to dsnews.ua

Leading Ukrainian businesses have already adapted to the realities of war and are actively planning for the future. According to dsnews.ua, large investment projects in many areas offer the best evidence for this. Metinvest Group is among the top investors.As noted in the article entitled “Top 10 Successful Investor Companies in Ukraine”, even during the most difficult period of Ukraine's history, businesses cannot stop financing fixed assets. Employee development has always been a priority for successful companies. Usually, large players do not abandon the R&D sphere because investment in this area means moving forward. All companies that want to stay in the game must upgrade equipment, adopt and develop technologies, as well as retain and increase their human potential.The most war-affected industries are making significant capital investments. For example, Zaporizhstal has spent more than UAH1.2 billion to upgrade its equipment, while Germany’s Notus Energy is building a wind power
My point of support
7/18/2024

Mentors of Metinvest's mining and processing plant are some of the best in Kryvyi Rih

Seven employees of Inhulets Iron Ore and Central Iron Ore were recognised as winners in the category "Best Mentor to Youth" at the annual public competition among employers, entrepreneurs, educational and vocational training institutions of Kryvyi Rih.The city recognised the contributions of mentors from Metinvest's enterprises to the dual education project, which trains young people at the enterprises through a dual education system. This system prepares future concentrating and pelletising operators, mechanics, and professionals in various repair fields, among others.Experienced professionals with the necessary qualifications and the ability to teach and share their expertise are chosen to mentor young people. Among them are employees of Inhulets Iron Ore: excavator driver Oleksandr Fedin, driver-instructor of locomotive crews Ihor Yakovliev, and masters of the on-the-job training Ruslan Seferbekov and Davyd Lomtadze. Each of them has years of mentoring experience and a legacy of gr
Heroes Among Us
7/18/2024

Four Stories of Metinvest Heroes for NV: “War Hardens People Differently”

For Metinvest, defending the homeland is not just a matter of words. Every sixth employee of the Group has been mobilised into the Ukrainian armed forces. More than 9,000 employees have been defending Ukraine’s independence since the beginning of the war, proving the resilience of Ukrainians, according to an article in NV magazine (No.4 /2024).Those who have seen hell on the front line are gradually returning to civilian life. About a thousand defenders, including veterans of the ATO (Anti-Terrorist Operation), have returned to work at Metinvest’s enterprises. They are determined to work in their new roles to bring Ukraine’s victory closer.Today, we would like to introduce you to four true heroes – Group employees who have shared their memories of mobilisation, combat and returning home.Serhii KravchenkoMy name is Serhii Kravchenko, and I am the head of the power service of the railway shop at Inhulets Iron Ore. At the front, I served in the border troops and later participated in the
My point of support
7/18/2024

Zaporizhstal congratulates Honoured Metallurgist of Ukraine on his 75th anniversary

Colleagues of Zaporizhstal's long-serving employee visited to congratulate on this milestone. Many names are listed in the chronicle of the Zaporizhstal iron and steelworks. All of them have the endurance of steel and, even in retirement, continue to be a part of the enterprise's life. In return, the plant supports it long-serving employees by assisting them in difficult times, caring for them, and staying connected.Recently, the steelworkers of Zaporizhstal visited long-serving employee Borys FEDOROV to congratulate him on his 75th anniversary. "Our senior colleagues have devoted many years of their lives to the steelworks. Just as Zaporizhstal employees today give their all for the operation of the enterprise, you did the same many years ago. Your career path commands great respect and gratitude. And you continue to be an example of dedicated and conscientious work for us," Maksym PED, HR Director of Zaporizhstal, congratulated the senior colleague. Borys Viktorovych devoted more th
Modernization
7/17/2024

Kamet Steel – large-scale overhaul of turbo blower #1

In the energy business units of Kamet Steel, systematic work is in progress to improve the reliability and energy efficiency of key equipment. In the CHP, a large-scale overhaul of turbo blower # 1, which ensures a stable supply of blast to the blast furnaces of the enterprise, is being performed.As part of the overhaul, it is planned to restore and replace key equipment along the entire process chain of the turbo blower No.1. In particular, a steam turbine requires significant repair intervention. First of all, the steam rotor blades will be completely replaced at the contractor's repair site. In the flow channel, more than half of the diaphragms and all end and intermediate seals will be replaced, which prevents inefficient steam losses. Also, the key technical components of the compressor will be carefully checked and repaired - rotor, diffusers, seals, etc.Significant attention is paid to the revision and restoration of the auxiliary equipment of the turbo blower. In particular, t
CSR
7/17/2024

Working together for people: Metinvest will focus its efforts on the development of the infrastructure of the Karpivka community

A tripartite memorandum on the continuation of cooperation between Metinvest's Ingulets GOK, the Karpivka Village Council and NGO "Kryvyi Rih Foundation for the Future" was signed for the fifth time in Kryvyi Rih. This year, the work involves collaborative development of cutting-edge technologies for environmental protection, infrastructure development, and improvements to rural and interrural roads.Karpivshchyna is a community of Kryvyi Rih district, bordering the southern part of the city, where the production facilities of the Ingulets GOK are located. In 2019, the long-standing partnership between the company and the community moved to a higher level. At that time, the parties officially documented their commitment to working together on the development and improvement of rural infrastructure in a memorandum for the first time. The beneficial interaction between business and community did not stop in wartime.This year, the signed document is the fifth in a row. It refers to the ma
My point of support
7/16/2024

Anna Buhaiova, a team leader from Zaporizhstal, "While my husband is defending the country, I am strengthening the production front"

Anna Buhaiova from Zaporizhstal has a job, which is traditionally considered a male-dominated job. Despite the stereotypes, the female steel worker doesn't feel like a square peg in a round hole, and the colleagues compliment her for her professionalism. Anna Buhaiova has been working at Zaporizhstal cold rolling shop for 13 years. She started as a metal inspector, and later worked as a sling operator. Whichever the job, she would steep in, learning every detail and looking for gaps to close and improve the processes. Apart from her own job responsibilities, she always takes interest in her colleagues’ work to be able to help or second.Her colleagues speak of her as a team player with leadership skills. "We used to work with Anna when she just started her career at the enterprise. Regardless of her role, she was always professional. She knows the document management process in and out, her word is enough to crane operators, and she is knowledgeable about the requirements for metal and
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