Akhmetov's Kametstal resumes production after recent missile attack

14 December 2022, 01:22 PM
One of the workshops of Kametstal (Photo:prozorro.sale)

One of the workshops of Kametstal (Photo:prozorro.sale)

The Kametstal Dniprovskyi Iron and Steel Works in Kamianske, Dnipropetrovsk Oblast, has resumed pig iron smelting after suspending all production due to Russian missile attacks, the company reported on Dec. 14.

"Diagnostic and repair work on Kametstal's main equipment, (necessary due to) Russia's attacks on Ukraine's energy infrastructure, has been completed,” reads a statement by Metinvest Group, the holding company to which Kametstal belongs.

“The company is now porducing pig iron in one blast furnace.”

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Metinvest added that further resumption of steel production and rolled products will largely depend on the level of power shortages in Dnipropetrovsk Oblast.

Kametstal temporarily suspended production on Nov. 23 due to damage being done to Ukraine's energy infrastructure, which led to shortages of power

It was also reported that on Nov. 24, ArcelorMittal Kryvyi Rih announced the suspension of almost all of its operations.

The Russian military launched 67 cruise missiles at critical infrastructure facilities in Ukraine on Nov. 23. Ukraine’s defense forces destroyed 51 cruise missiles and five Lancet kamikaze drones.

Kametstal was created on the basis of the Dnipro Metallurgical Combine (DMK) and the Dniprovskyi Coke Plant (DKKhZ).

Metinvest is a vertically integrated group of steel and mining companies. The major shareholders are Rinat Akhmetov's SCM Group (71.24%) and Vadim Novinsky's Smart Holding (23.76%), which jointly manage the holding company.

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