Scrap Export Restrictions Are a Prerequisite for Building Electric Arc Steelmaking Capacity in Ukraine – CEO of Metinvest-Resurs for The Page
In an interview with The Page, Ivan Kovalevskyi, chief executive officer of Metinvest-Resurs, outlined Metinvest’s plans to increase steel production in 2026, discussed the shortage of scrap metal and discussed the conditions required for Ukraine’s transition to low-carbon electric arc steelmaking.– Mr Kovalevskyi, you have announced Metinvest Group’s plans to increase steel production in 2026 by 300,000–500,000 tonnes, including through greater consumption of scrap metal. Could you elaborate on this? Are we talking about increased procurement of scrap on the domestic market, or imports?– The Ukrainian domestic market is, without question, the primary source of scrap metal for the Group’s metallurgical assets. Accordingly, we plan to make the broadest possible use of its potential in to meet the needs of our enterprises, while utilising available opportunities, which will depend on market conditions, among other things.Scrap prices will depend on market conditions, and the market is e