Metinvest believes that EAF and hydrogen-based technologies are the future of the steel industry

In 2020, the Metinvest Group commenced development of a long-term technological strategy taking into account the existing environmental challenges and aiming to integrate the world’s best practices in its own production. The company believes that EAF and hydrogen-based assets are the future of steelmaking technologies.

That was stated by Yuriy Ryzhenkov, CEO of Metinvest Holding, in his speech at the international forum “Decarbonization of the steel industry: a challenge for Ukraine”.

Green transition will be the key element of the strategy.

“We are exploring a possibility of building a single DRI and EAF-DRI complex. Its location is still an open question, but it will definitely be one of the cities where we have a presence,” said Yuriy Ryzhenkov.

Another priority is the launch of production of DRI pellets with a high Fe content. This production segment with the annual capacity of 2.3 million tons has already been launched at the Central GOK, and in the long run this line is expected to be launched at the Northern GOK too.

According to Yuriy Ryzhenkov, there is still no clarity about all the technologies to be used by the Group, as well as about the quantitative parameters. But the main guidelines are as follows:

  • introduction of new production lines using advanced technologies in the next 10 years, until 2030;
  • significant reduction of CO2 emissions according to technological benchmarks from the world’s leading producers of equipment.

In addition, Metinvest is negotiating with potential international partners, including research organizations, producers of equipment and engineering companies, to explore additional decarbonization possibilities.

“Our potential interests include, inter alia, innovative technologies for carbon-neutral steelmaking; CO2 capture, utilization and storage; industrial gas disposal, fuel production, production digitalization and related areas,” summarized the top manager.

As reported earlier, in 2020 Metinvest’s environmental investments grew by 32% to $204 million. Such projects at Ilyich Iron and Steel Works of Mariupol as reconstruction of sinter plants and blast furnaces No. 3–5 became the key focus areas of the company’s environmental investment policy.

In the coming years, Metinvest plans to invest over $430 million in environmental projects, apart from environmental equipment maintenance costs. They will mostly focus on BF and BOF routes.

 

The prime partner of the forum “Decarbonization of the steel industry: a challenge for Ukraine” was Metinvest, other partners included Ferrexpo and Interpipe.

Share
Published by
Vadim Kolisnichenko
Tags: Yuriy Ryzhenkov Metinvest decarbonization Forum on “Decarbonization of the steel industry: a challenge for Ukraine”
  • Industry

Spanish Unesid insists on strengthening protection of European steel industry

Spanish steelmakers are calling on the EU to strengthen protection for the sector and help…

Tuesday June 3, 2025
  • Global Market

Turkey updates the system of state support for investments in the steel sector

On May 31, 2025, a new presidential decree on state support for investment came into…

Tuesday June 3, 2025
  • Global Market

Canadian steel producers call for immediate response to Trump’s tariffs

On May 31, 2025, Catherine Cobden, President and CEO of the Canadian Steel Producers Association…

Tuesday June 3, 2025
  • Companies

Erdemir announces large-scale investments in green transformation by 2050

Turkish steel company Erdemir has unveiled an updated sustainability strategy, according to which it plans…

Tuesday June 3, 2025
  • Global Market

India prioritizes local steel for government projects

The Indian government has revised its local steel policy for 2025 to ensure that locally…

Monday June 2, 2025
  • Companies

Zaporizhstal increased its rolled steel output by 4.9% y/y in January-May

Zaporizhstal Iron and Steel Works increased rolled steel production by 4.9% year-on-year – to 1.098…

Monday June 2, 2025