Metinvest expects to restore production at Yenakiieve Steel soon

Thursday, 28 August 2014 17:34:43 (GMT+3)   |   Istanbul
       

Ukrainian mining and steel producing group Metinvest has announced that it is currently impossible to deliver square billet made by its subsidiary Yenakiieve Steel since the plant has been shut down due to damage caused to the electricity supply grid. Furthermore, as a result of the armed conflict in the region, the plant's lime-kiln, refractory, converter and energy shops were damaged. 

At the same time, Metinvest said that it is doing its best to repair the damaged facilities and relaunch production at Yenakiieve Steel. The company hopes to restore the plant and city infrastructure in Yenakiieve, Avdiivka and Khartsyzsk soon. The relaunch of operations at Avdiivka Coke is planned for the nearest future. Operations at Avdiivka Coke were also stopped due to the lack of electricity. Production at Yenakiieve Steel's main coke supplier Yenakiieve Coke, which had previously been shut down, has already been restored.
 
Metinvest Group continues to fulfill its obligations to deliver products that it produces outside the area of the armed conflict from Ilyich Iron and Steel Works of Mariupol and Zaporizhstal. These enterprises are executing deliveries to customers under existing contracts.  


Similar articles

Kardemir sees significant increase in net profit for H1

18 Aug | Steel News

Kardemir more than doubles net profit in Q1

09 May | Steel News

Kardemir posts fall in net profit for 2013

17 Feb | Steel News

Kardemir’s net profit plunges during Jan-Sept

11 Nov | Steel News

Kardemir sees strong decline in net profit for H1

27 Aug | Steel News

Kardemir sees improved net profit in 2012

11 Mar | Steel News

Turkey’s Kardemir sees improved net profit in H1

23 Aug | Steel News

Turkey’s Kardemir registers increase in Q1 net profit

15 May | Steel News

China sees declines in steel product imports and exports in April

11 May | Steel News

Kardemir posts improved profit for 2011

27 Feb | Steel News