Metinvest produced 142 million tons of steel in 15 years

For almost 15 years, from July 2016 to May 2021, the Metinvest Group has produced 142 million tons of steel, according to a press release on the Company’s website.

According to the Group’s estimations, over 15 years Metinvest helped generate 8% of Ukraine’s GDP, invested ₴2.5 billion in the development of Ukrainian cities and paid ₴165 billion in taxes.

The Group invested $10 billion in enterprises over this period.

Metinvest Holding LLC is the managing company of the Metinvest Group. The major shareholders of Metinvest are its co-managing companies SKM Group (71.24%) and Smart Holding (23.76%).

As reported earlier, its capital investment in the steel industry in 2020 decreased by 52.6% to ₴18.8 billion against 2019.

At the same time, in the study report “Contribution of the mining & metals sector to Ukraine’s economy in 2019–2020”, GMK Center analysts noted an increase in the share of industrial capital investment of the mining & metals sector from 27.1% in 2019 to 30.4% in 2020. Hence, companies of the mining & metals sector invested $1.7 billion in 2020.

Capital investment in Ukraine plummeted by 38.2% to ₴419.8 billion in 2020 because of the crisis. The fall was even deeper in industry in general — minus 43.6% to ₴153.3 billion. And this is despite the fact that steel production fell by 1.1% in 2020 to 20.62 million tons.