Metinvest is a vertically integrated steel and mining group that has assets in Ukraine, Europe and the United States and sells its steel products worldwide. It manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. Metinvest is the largest steelmaker in Ukraine. Following the acquisition of Ilyich Iron and Steel Works in 2010, it is the largest steelmaker in the CIS and one of the top 25 in the world. The group is also the largest producer of iron ore and coke in Ukraine and one of the top 10 iron ore producers in the world.
Годовой отчет участника
In 2010, Metinvest updated its long-term growth strategy to meet the long-term challenges of a changing world. In line with its values of professionalism, client focus, concern for life, health and the environment, leadership and teamwork, the strategy is designed to ensure that the Company grows steadily over the long term, conducts its business responsibly, and creates sustainable value for all stakeholders. The updated strategy envisions strengthening Metinvest’s vertically integrated business model and taking maximum advantage of its low production costs and ideal geographic location between Europe and the CIS. In addition, it foresees harnessing the Company’s global scale, vast resource base and diverse portfolio of high-quality steel products to enhance profitability, reach target markets and build on strong customer relations. The strategy also details plans for maximising the skills and experience of its people, its most important asset.