Metinvest intends to invest around $8 billion total through 2020 ($1 billion per year on average) into the reconstruction and modernization of its two integrated steel plants in Mariupol, Ukraine.

Metinvest, an international vertically integrated steel and mining group of companies, intends to invest around $8 billion total through 2020 ($1 billion per year on average) into the reconstruction and modernization of its two integrated steel plants in Mariupol, Ukraine – Azovstal and Ilyich Iron and Steel Works of Mariupol (Ilyich Steel) – and increase the joint annual crude steel output by 35% to16 million metric tons. The adopted integrated approach to modernizing the production facilities is based on improving production efficiency with simultaneous reduction of negative effect on environment. The strategy envisions the reduction of gross emissions by 3.5 times and specific emissions to 7 kg per metric ton of crude steel.