You are here: Home > Steel News > Latest Steel News > Metinvest...

Metinvest no longer accepts new orders amid military crisis

Monday, 04 August 2014 10:59:26 (GMT+3)   |   Istanbul
       

Ukrainian mining and steel producing group Metinvest was forced to cut production volumes, due to the complicated situation in the market, SteelOrbis has heard. Metinvest will slow down all new orders and focus on fulfillment of earlier concluded contracts since the company's order books for August and September production in a good state.

Market sources indicate that Metinvest has stopped accepting new export orders due to the problems with raw materials supply and coke production amid military actions in the east of Ukraine.

As SteelOrbis previously reported, the military action in Avdiivka and Yasinovataya in Donetsk region disrupted Metinvest's supply chain, threatening the finished steel output at its Azovstal and Ilyich Iron and Steel plants. Metinvest recently announced that coke production at Avdiivka Coke would be halved due to several shells hitting the company's core production shops.


Similar articles

Ukraine’s Zaporizhstal reports higher outputs for January-October

05 Nov | Steel News

Ukraine’s Zaporizhstal sees higher outputs in January-August

04 Sep | Steel News

Ukraine’s Metinvest may lease Liberty Częstochowa steelworks in Poland

19 Aug | Steel News

Ukraine’s Metinvest sees 4% fall in pig iron output in H1

13 Aug | Steel News

Ukraine’s Kametstal to renovate substation to ensure uninterrupted power supply

13 Aug | Steel News

Ukraine’s Zaporizhstal repairs continuous pickling unit No. 4

05 Aug | Steel News

Ukraine’s Kametstal to supply new rebar grade to Poland

30 Jul | Steel News

Ukraine’s Zaporizhstal reports higher outputs for H1

04 Jul | Steel News

Ukraine’s Zaporizhkoks repairs coke battery No. 2

04 Jun | Steel News

Metinvest plans to strengthen presence in North Africa and Turkey

03 Jun | Steel News