18
May
15:01
Metinvest estimates $11 billion loss on Mariupol assets
Metinvest estimates losses stemming from the damage done to its Azovstal and Ilyich steel plants during Russia’s invasion of Ukraine at $11 billion, says Rinat Akhmetov, majority shareholder of Metinvest holding company SCM Group.
Those assets accounted for about 30-40% of steel capacity in Ukraine, he said earlier.
“Pre-war capitalisation of two plants in Mariupol was about $10 billion,” he stated in an interview with Italy’s RAI televis…
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Anonymous
Very good overview of the weekly steel market.
Anonymous