Metinvest plans to build a rolling mill in Italy
Metinvest, the vertically integrated mining and metallurgical Ukrainian holding, is exploring the possibility, together with Italian leader of steel technology Danieli Group, to build a new rolling mill in Italy.
Metinvest CEO Yuriy Ryzhenkov said at a press conference devoted to the company’s 15th anniversary held in Kyiv this week that the project involves the construction of a new production facility in Italy, where Ukrainian slabs will be rolled into hot-rolled flat products.
The Metinvest Group is really exploring the possibility of building a rolling mill in Italy.
But Metinvest has not made a final decision on this project.Yuriy Ryzhenkov, CEO of Metinvest
According to him, now the project is at the pre-feasibility stage, negotiations are also underway with the owners of the site, and the construction of a plant is planned. At the same time, the Holding already has already two plants in Italy, where flat-rolled products are produced from Ukrainian slabs. For Metinvest the Italian market has always been interesting and promising.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions, in European countries. In particular, in Bulgaria it has Promet Steel plant with a capacity of 500,000 tonnes of rolled metal per year, in Italy – Metinvest Trametal and Ferriera Valsider with a total annual capacity of 1.2 million tonnes. In the U.K., the company owns Spartan UK plant that is capable to produce 200,000 tonnes of rolled steel annually.
The main shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage the company.