Kametstal has about 80% of workload, says Metinvest

Kametstal (Kamenskoe) works with 80% of production capacity utilization. At the same time Group’s Mining, and Processing Plants in Kryvyi Rih has about 35-40% workload.

It was said by Yuriy Ryzhnkov, CEO of the Metinvest Group, in an interview for the Ukraine 24 TV Channel.

“Today Kametstal continues to work in full operational mode. The plant works with 80% of production capacity utilization. It’s due to savings of natural gas. If not high prices for the gas, the plant would work at full production capacity utilization”, said CEO of Metinvest.

According to him, the Group’s mining and processing plants in Kryvyi Rih have 35-40% of workload, and mainly focused on deliveries to Europe. By the end of March, Metinvest forecast to supply approximately around 1 million tons of iron ore raw materials to Western customers.

“European customers cooperate with us, they actually doubled their orders for March compared to the usual amount”, said he.

Moreover, CG “Porkovs’ke”, and Metinvest assets abroad continue to work.

As a reminder, about 90% of steel production capacities in Ukraine are stopped, but plants are actively working on problem solving to restore operations in the near future.