Metinvest Group is the regional mining and steel industry leader and one of the noticeable players on the world steel market.
The companies within the Group produce 10.8 mmtpy of crude steel, more than 11 mmtpy of rolled stock and semi finished steel, over 5 mmtpy of metallurgical coke and over 40 mmtpy of iron ore - enough to meet our own demand in steelmaking raw materials and to be the key supplier to major steelmaking companies in Ukraine and Europe.
METINVEST HOLDING LLC (the managing company of Metinvest Group) was established in early 2006 and presented to the public on June 6th, 2006.
METINVEST HOLDING performs the strategic management of assets of SCM Group (System Capital Management) in coal and ore mining, coke, steelmaking and welded pipes industries.
The strategic aim of Metinvest is to create a world-class mining and steel industrial company achieving the topmost positions in Europe and worldwide.
The Group comprises 24 industrial companies leading in mining and steel industry of Ukraine and CIS. In Europe Metinvest is represented by Ferriera Valsider and Trametal – Italian re-rolling companies and British carbon steel plate producer Spartan UK. The acquisition of Bulgarian Promet Steel is to be accomplished soon.
METINVEST HOLDING Sales Service, Steel and Rolled Product Division, is represented by a group of companies:
Metinvest International SA — steel export to the countries outside Ukraine and CIS
Metinvest Eurasia — steel export to Russia.
Metinvest-Ukraine — steel sales to Ukraine and export to CIS countries by wagon loads.
Metinvest-SMC — steel sales from service metal centers in Ukraine and Serbia.
Metallurgical companies of Metinvest manufacture a wide range of high quality steel products used in major steel consuming industries.
The products of the Group are well marketed in more than 75 countries all over the world.
We are creating a global player that will be one of the leading mining and metals businesses in the world. This will help improve the global competitiveness of our business and of the whole mining and metals sector in Ukraine.
Metinvest Holding is the first Ukrainian company to have entered International Iron and Steel Institute (IISI). The Company became a regular member of this International organization in October, 2007.
On November 12th, 2007 Metinvest signed the definitive share purchase agreement to acquire from the Malacalza family 100% interest in Trametal SpA and Spartan UK Ltd.
Strategic partnership with Smart Holding and Malacalza Group adds 14 mmtpy of iron ore, over 2 mmtpy of crude steel and more than 3 mmtpy of rolled stock to Metinvest’s production capacities.
In April 2009, Metinvest Group acquired a 100% stake in United Coal Company (UCC). The key rationale for the acquisition of UCC was its significant reserves of high quality metallurgical coal, which will help Metinvest’s coke and chemical facilities produce a better quality feedstock. As a consequence, the Group’s steel works will be provided with a higher quality coke, reducing iron production costs and improving quality characteristics. The Group will thereafter be more competitive in current and prospective sales markets.
The major shareholders of Metinvest are SCM Group (75% ownership) and Smart-Holding (25% ownership) partnering in Company’s management. The merger of mining and metals assets of SMC and Smart-Holding has started in 2007 and will have been accomplished in 2009.