President discussed reconstruction of Ukraine with founder of Fortescue Metals Group

During a visit to Munich, President of Ukraine Volodymyr Zelenskiy met with Australian businessman Andrew Forrest, founder of one of the world’s largest mining companies, Fortescue Metals Group. This was reported by the press service of the President.

During the meeting, Zelenskiy and Forrest discussed the reconstruction of Ukraine and the involvement of large global financial and industrial companies in projects to recover from the consequences of Russian aggression.

The President highly appreciated Andrew Forrest’s assistance in implementing humanitarian projects in our country, in particular, the construction of housing for internally displaced Ukrainian families.

After the Ukraine Recovery London conference, which took place last June, Andrew Forrest announced his intention to invest in the creation of a new, technological, environmentally friendly economy of Ukraine.

As GMK Center reported earlier, South Korean steelmaker POSCO intends to support Ukraine’s post-war reconstruction, in particular, by participating in a number of energy and infrastructure projects. This was stated by POSCO Group Chairman Choi Chung during a meeting with a Ukrainian delegation in October last year. Last March, the steel company created a so-called working group on Ukraine’s recovery, which focused on a series of possible projects in five areas: steel, food, secondary raw materials for batteries, energy, and infrastructure. The company also intends to accelerate humanitarian cooperation.

  • Infrastructure

200 million tonnes of cargo have been transported via the Ukrainian maritime corridor

Since its launch in September 2023, the Ukrainian maritime corridor has already handled 200 million…

Thursday June 4, 2026
  • Global Market

The UK has announced the details of the transition period for steel safeguard measures

The UK Department for Business and Trade (DBT) has published details of a transitional phase…

Thursday June 4, 2026
  • Global Market

Canada will extend its tariffs on steel and aluminium imports for a further year

Canada will extend tariff rate quotas (TRQs) and preferential tariffs on imports of certain types…

Thursday June 4, 2026
  • Global Market

Global scrap consumption rose by 4.5% y/y in 2025 — BIR

Global scrap consumption rose by 4.5% compared with the previous year, reaching 480 million tonnes,…

Thursday June 4, 2026
  • Companies

Worthington Steel has completed the acquisition of Klöeckner

The US-based Worthington Steel has completed its voluntary public takeover bid for Klöeckner & Co…

Thursday June 4, 2026
  • Companies

Voestalpine forecasts a rise in profits amid new EU protective measures

Austrian steel producer voestalpine expects profits to rise in the 2026/2027 financial year against the…

Wednesday June 3, 2026