Production at Metinvest Trametal and Ferriera Valsider to resume in June
Metinvest Group has decided to carry out planned repairs at the Italian rolling mills, Metinvest Trametal and Ferriera Valsider, in May 2022, not August, a press release on Metinvest Media stated.
“With the launch of a full scale Russian military invasion into Ukraine in February 2022, the Group re-rolling plants started to adjust their operations as a stand-alone business –arranging purchases of third-party slabs, previously being supplied by the Mariupol assets of the Group. In order to make this transition more efficient, Metinvest decided to move the regular annual maintenance of the plants from August 2022 to May 2022,” the statement reads.
Starting from June 2022, with the arrival of the new supplies of feedstock, the production of the two plants will be resumed. Notwithstanding the supply chain transformation of Metinvest’s flat re-rollers, the Group will continue to provide them with operational and financial support.
Earlier GMK Center reported that Metinvest’s assets in the US and EU were gradually adjusting to operate as stand-alone businesses with new external suppliers and customers. Until recent times enterprises operated as part of Group’s vertically integrated business.