Metinvest todayWe are a fast growing international vertically integrated mining and steel company. Our production facilities are located in Ukraine, Europe and the USA. We sell our products to 75 countries worldwide. We are striving to become a leading vertically integrated steel producer in Europe.
Metinvest at a glanceMetinvest Group unites the enterprises of the entire mining and metals industry: from coal mining and metallurgical coke production, iron ore mining and production of iron ore steelmaking raw materials downstream to crude steel production and manufacture of rolled products and pipes.Four companies within Metinvest Group support the production activity performing sales of the Group’s products with other two providing the logistics and transportation services to the producing enterprises of Metinvest.
Our Values
ManagementMetinvest’s senior management team combines extensive industry and market experience with financial and management expertise.
Corporate governanceMetinvest recognises the importance of sound corporate governance and aims to develop its corporate governance system in accordance with international best practices. The Group strives to maintain the highest levels of corporate governance and transparency throughout all of its activities and communications.
Principles of management
Supervisory BoardSupervisory Board is the supreme body of strategic management of Metinvest Group. The Supervisory Board is responsible for key decisions related to the Metinvest’s activities, including: approval of Metinvest’s long-term business strategy and annual business plans; annual assessment of the delivery on business plan targets; appointment of the top management, approval of their compensation system and KPIs and decisions on annual bonuses; approval of the external auditor; aapproval of the Group’s annual reports and financial statements and all M&A transactions.
Profile committeesSupervisory Board comprises four profile committees: Strategy and Investments Committee; Health, Safety and Environment (HSE) Committee; Audit Committee; Remuneration and Nomination Committee.
Ethics
Our strategyMetinvest’s strategic vision is to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns at above the industry benchmarks.
Our history
Global locations
Our business
Mining divisionMetinvest is the largest iron ore producer in Ukraine, was the sixth largest producer globally in 2009.
Metallurgical divisionThe Steel & Rolled Products division unites the steelmaking, flat and long products and large diameter pipe manufacturing enterprises of Metinvest. In 2009, the division produced 7.0 million tonnes of crude steel and 4.5 million tonnes of semi-finished (conticast slabs and square billets), 4.2 million tonnes of finished products and 0.5 million tonnes of pipes. Metinvest is ranked amongst the ten largest steel plate producers in the world, placed 28th largest steel producer in the world according to WSA and the second largest producer of steel in Ukraine, having produced 24.0% of all steel manufactured in the country in 2009.
Supply Chain Management
SalesThe enterprises of Metinvest Group manufacture a variety of products: from steelmakers’ raw materials (BF coke, iron ore concentrate and pellets) and chemicals produced by our coke and chemicals assets to the vast assortment of high-quality steel products and SAW line pipes. Metinvest exports a substantial portion of its steel products to over 1,000 customers located in more than 75 countries through its broad international sales network which is covering most of the key regions in the world.