Metinvest's Strategy Amidst War: Security Guarantees Tied to Rebuilding

Metinvest's CEO emphasizes the need for robust U.S. and European security guarantees in any ceasefire deal with Russia for the company to rebuild. While maintaining production levels, bigger projects are on hold until stable conditions are ensured. Energy independence and strategic investments remain priorities.

The future for Ukraine's key steel producer Metinvest hangs on robust security guarantees from the U.S. and Europe, with peace deals needed for reconstruction post-war damage. CEO Yuriy Ryzhenkov stresses the importance of security assurances for business investments to resume.

Amid ongoing conflict, Metinvest continues operations at near-2024 production levels, but the larger plans, including blast furnace repairs, are delayed. Current uncertainties, including dwindling U.S. military support and unfulfilled agreements, further complicate rebuilding efforts.

In a bid to achieve energy independence, Metinvest focuses on solar energy and power generation projects while also exploring strategic investments in green steel production, particularly in Italy. Despite war's toll, the company remains cautiously optimistic about financial stability and operational continuity.

(With inputs from agencies.)