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Metinvest diversifying raw material supplies to counter Donbas risks
Journal Staff Report

KIEV, April 13 - Metinvest, a Ukrainian steel and mining group, began diversifying raw material supplies in 2014 considering the risks for assets in uncontrolled areas of Donbas.

"We considered various plans of action in case given risks were realized. We've been working on this since 2014. Therefore, even then we began to diversify our supplies of raw materials that come from areas [not controlled by Kiev]. There are two key raw material items: limestone and coking coal. For coking coal, we've increased marine imports - we're taking almost all the product of our subsidiary UCC in the United States. Before, we sold about half on the domestic U.S. market, and took half ourselves, but since January of this year we decided to take the whole amount," Metinvest CEO Yuriy Ryzhenkov said in an interview with NV Business.




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