Metinvest: Steel production capacity hit, production to resume after war
Time:Tue, 19 Apr 2022 09:45:11 +0800
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Metinvest, Ukraine's largest steel producer, said on Saturday that it would not operate under Russian occupation, saying that more than one-third of Ukraine's steel production capacity had been shut down by the attack on the southeastern port city of Mariupol.
Ukraine's iron ore production has fallen by more than half since Russia invaded the country on February 24. The move showed the impact of the Russian-Ukrainian war on the steel industry. But Russia is also preparing a new offensive in eastern Ukraine, where much of Ukraine's steel and coal production is concentrated.
Metinvest owns Ilyich and Azovstal steel plants in Mariupol. The company said that the factories had been damaged and it is not possible to take stock of the damage and assess the extent of the damage at present.
