Metinvest took part in the international exhibition EuroBLECH 2024

Metinvest Group took part in the 27th international exhibition EuroBLECH 2024, which took place in Hanover, Germany. This is stated in the company’s announcement.

Given the traditionally high interest in EuroBLECH among Metinvest’s existing and potential customers, the Group was represented by its own stand. The exhibition was attended by a team of commercial management, leading managers of the company’s Italian enterprises, Metinvest Trametal and Ferriera Valsider, and sales specialists from sales offices in Western Europe.

“For Metinvest’s delegation, EuroBLECH 2024 was not only a place to present Ukrainian steel, but also an effective platform for establishing new partnerships and strengthening existing ties with customers and suppliers,” the statement said.

In particular, representatives of the Commercial Directorate discussed with customers the company’s project to build a new plant in Piombino, Italy, which will produce hot-rolled coils. They also spoke about opportunities that will allow the group to continue to be a highly competitive company in the global market.

Regarding future trends in the industry, EuroBLECH 2024 participants see the current year as a transitional one, with no expected profits. However, there are already signs of improvement, such as lower energy costs in Europe, lower interest rates, and hopes for changes in the geopolitical situation. Thus, there is considerable optimism that the market will improve and European producers will become more efficient in 2025.

Given these forecasts, Metinvest says it hopes that by the end of the year it will be possible to re-launch the production capacity of the Italian Ferriera Valseeder. Metinvest Trametal is currently operating at full capacity despite the challenging environment. These companies are among the leaders in the European structural steel market.

EuroBLECH is one of the leading meeting places for plate producers, representatives of the processing industry and sectors that use such products, such as aerospace, shipbuilding, electronics, engineering technologies, etc. The industry event is dedicated to sheet metal processing technologies.

Metinvest is working to raise financing for the construction of a steel plant in Pyombino, said Yuriy Ryzhenkov, the company’s CEO. Construction may start by the end of this year or early next year. The plant is expected to produce 2.7 million tons of steel per year. Its total cost is €2.5 billion, with at least 70% of the project financed by loans. The project is being implemented jointly with Italian company Danieli.