News Global Market Метинвест 24 June 2020
The Group was ranked 42nd by the World Steel Association
According to the World Steel Association’s website, Metinvest Holding, the managing company of the Metinvest Group, was ranked 42nd out of 50 top steel-producing companies in 2019.
According to the ranking made by the World Steel Association, Metinvest Holding produced 9.58 million tons of steel in 2019.
The first three top steel-producing companies in 2019 are as follows:
- ArcelorMittal — 97.31 million tons;
- China Baowu Group — 95.47 million tons;
- Nippon Steel Corporation — 51.68 million tons.
As reported earlier, in 2019, the global steel output grew by 3.4% against 2018. In 2019, Ukraine cut steel production by 1.2% to 20.8 million tons.
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%).
In 2019, the Metinvest Group boosted production of steel by 3% to 7.6 million tons against the previous year. Production of pig iron dropped by 3% to 7.9 million tons.