Ukrainian mining and steel producing group Metinvest was forced to cut production volumes, due to the complicated situation in the market, SteelOrbis has heard. Metinvest will slow down all new orders and focus on fulfillment of earlier concluded contracts since the company's order books for August and September production in a good state.
Market sources indicate that Metinvest has stopped accepting new export orders due to the problems with raw materials supply and coke production amid military actions in the east of Ukraine.
As SteelOrbis previously reported, the military action in Avdiivka and Yasinovataya in Donetsk region disrupted Metinvest's supply chain, threatening the finished steel output at its Azovstal and Ilyich Iron and Steel plants. Metinvest recently announced that coke production at Avdiivka Coke would be halved due to several shells hitting the company's core production shops.