Last week, Russian missile attacks on Ukraine's infrastructure resulted in power outages across the country, leaving many major cities without water supplies. Metinvest, along with all other industrial enterprises operating in Ukraine, also suffered, as for the first time since the start of the special military operation of the Russian Federation, production at the Ukrainian enterprises of the group was stopped on an emergency basis due to a lack of electricity.
According to the press service Metinvest, today all the enterprises of the group affected by this situation in Ukraine have resumed work, with the exception of the Kametstal metallurgical plant. The assessment of possible damage to the production facilities of the enterprise after the shutdown and the timing of the resumption of production continues.
The long absence of deliveries of square billets from Kametstal may also lead to the suspension of production at the Bulgarian metallurgical plant of the Promet Steel group.
Further prospects for the work of the metallurgical complex of Ukraine are unknown, because it is impossible to predict how long Russian attacks on the country's energy infrastructure will continue. Despite the efforts of Ukrenergo, power plant operators and distribution network specialists to restore electricity supply, significant risks remain that the situation with the availability of electricity in the country will continue to deteriorate. As a result, there may also be interruptions in production at the Ukrainian assets of Metinvest.
Let us recall that after the end of the special operation of the Russian Federation in Ukraine, the Metinvest group intends to receive compensation from Russia for the enterprises destroyed as a result of the war and direct it to development Ukrainian assets. All losses caused by military operations, as well as the impact of these events on the main production assets of the group, including the above factors, will also be assessed and presented to the Russian Federation.
