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Metal production, in particular iron and steel industry, is the dominant heavy industry in Ukraine. Ukraine is the world's eighth largest producer and third largest exporter of iron and steel (2007). [ 1 ]
Metal production in Ukraine; References This page was last edited on 21 September 2023, at 19:25 (UTC). Text is available under the Creative Commons Attribution ...
Between 2006 and 2022 in Ukraine, the company's total investments amounted to $10 billion (including $ 4.8 billion – take over amount during the privatization + $ 5.2 billion - investment in production development). Major investment projects from 2006 to 2022 included: Reconstruction of Coke Oven Batteries 3 and 4 ($199 million);
From the beginning of the 1890s, on the initiative and financial participation of Oleksiy Alchevsky, two powerful metallurgical enterprises were formed: the Donetsko-Yurievske Metallurgical Company (now the Alchevsk Metallurgical Complex), designed and built by A. Mevius, and together with the Belgians the Russian Providence Company (now Mariupol Metallurgical Plant named after Ilyich).
In 1991, after the independence of Ukraine, the plant became a property of the Ukrainian state. In 1996, the state started its privatization. [14] The plant became owned by Metinvest, a metallurgical company solely owned by the Ukrainian business conglomerate Systems Capital Management. [15] In 2005, the plant produced 5.906 million tons of ...
In the 1870s, most Russian iron ore, steel and pig iron was produced in Ukraine. In 1913, Ukraine, with its rich deposits and developed industry, accounted for 75% of iron ore production, compared to 21% in the Urals. While Ukraine remained the center of metal production, neighboring regions were significantly less developed.
In October 2019, Dnieper Metallurgical Combine announced the shutdown of its main production facilities. The plant was put up for sale as part of a bankruptcy court case. On May 20, 2021, the Antimonopoly Committee allowed to buy DMC assets Rinat Akhmetov's company Metinvest BV.
Activities include: production of cast iron, steel and ferroalloys; production of hollow pipes and fittings from steel; production of building metal structures and parts of structures; machining of metal products; production of finished metal products; wholesale of metals, metal ores; and the repair and maintenance of machinery and equipment ...