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                        THURSDAY, NOVEMBER 28, 2024
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GISMETEO.RU
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Metinvest operates at 30%-50% of pre-war capacity: CEO Ryzhenkov
Journal Staff Report

KYIV, Oct 26 – Metinvest Mining and Metallurgical Group is currently operating at 30%-50% of the pre-war levels and will be able to restore its previous volumes within six months to a year after the end of the war, Metinvest CEO Yuriy Ryzhenkov told the British edition of The Economist.

According to him, two metallurgical plants in Mariupol were badly damaged.

"We don't know how badly damage is, but they are definitely not operational right now. And definitely after the de-occupation will take place, it will take time to get them operational again… Now when we are talking about the mills that are in the occupied territory, specifically Azovstal and Illich [Iron and Steel Works], we have to see what sort of damages they sustained during the bombing. I would suspect that the damage was substantial there, and it will take us some time until we can restore pre-war operations," the CEO said in the Money Talks podcast of The Economist entitled "How to rebuild Ukraine."




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Currencies (in hryvnias)
  27.11.2024 prev
USD 41.50 41.44
RUR 0.394 0.399
EUR 42.68 42.47

Stock Market
  26.11.2024 prev
PFTS 507.0 507.0
source: PFTS

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