Metinvest to sue Russia over Azovstal and Illich Iron and Steel Works destruction

Metinvest Group is preparing lawsuits against Russia for the destruction of Azovstal and Illich Iron and Steel Works, located in the destroyed city of Mariupol. The lawsuits estimation is about $10 billion, Metinvest Media reports.

“Pre-war capitalization of our two plants, Azovstal and Illich Iron and Steel Works, was at least $10 billion. We are preparing legal actions to demand compensation from Russia for all losses inflicted on our companies,” said the key shareholder of Metinvest Rinat Akhmetov in an interview with Le Temps.

At the same time, he expressed hope for fair retribution for the destroyers of Mariupol.

“I am proud that Azovstal is our bastion of resistance. I believe that our soldiers will be able to defend the city and that the citizens of Mariupol will be evacuated. I also believe that the Russian soldiers will be punished for all the crimes they have committed in Ukraine and in Mariupol. The situation in the city is a horrifying tragedy and disaster that cannot be forgiven,” Rinat Akhmetov added.

Earlier GMK Center reported that Ukraine’s Metinvest Group is looking for a new supply chain and the development of new products, as the county’s sea trade routes are blocked by the Russian army. Some attempts to build logistics through the ports of Baltic sea and Romania have already been made.

  • Companies

Liberty Steel Liège’s bankruptcy was predictable – IndustriAll Europe

The announcement of the bankruptcy of the Luxembourg-based Liberty Steel Liège steel plant is a…

Tuesday April 29, 2025
  • Industry

Industrial parks are a growth point for the country’s economy – UFuture founder

Industrial parks are one of the factors of economic growth and the return of Ukrainians…

Monday April 28, 2025
  • Companies

Interpipe paid UAH 1.2 billion in taxes and fees in Q1

In January-March 2025, the Ukrainian industrial company Interpipe increased the payment of taxes and fees…

Monday April 28, 2025
  • Global Market

EU increased imports of iron and steel products from Russia by 71% y/y in January-February

In January-February 2025, the European Union (EU) imported 1.35 million tons (+71.5% y/y) of metallurgical…

Monday April 28, 2025
  • Global Market

US prices for hot-rolled coils went down in late April

Offers from hot-rolled coil producers in the US dropped from $975/mt to $952/mt EXW from…

Monday April 28, 2025
  • Companies

Baosteel plans to produce 52.6 million tons of steel in 2025

China's largest steelmaker, Baoshan Iron & Steel (Baosteel, a unit of China Baowu Steel Group),…

Monday April 28, 2025