Stable development of the “Metinvest”

by Mila Glushchenko
Friday, October 15, 2021
Stable development of the “Metinvest”

The international rating agency “S & Global Ratings” has raised the long-term credit rating of “Metinvest” from B to B+

Despite the pandemic, Metinvest continued to fulfill its social obligations to its employees and did not change the base salary. In 2020, the company changed its bonus system to stimulate priorities such as health and safety, operational improvements and customer focus.

Metinvest's environmental costs grow every year. Climate modernization projects help reduce emissions, improve energy efficiency and use resources more efficiently. As a reminder, in the ESG rating, Metinvest was ranked 9th among 140 global metallurgical companies at the time of the assessment.

The rating upgrade is due to the positive effect of the improvements, as well as a significant reduction in the group's debt obligations.

Metinvest Group is a leader in the mining and metallurgical complex of Ukraine and one of the leading players in the global metallurgical industry. The company includes mining and metallurgical plants in Europe and the USA, as well as a sales network in all key regions of the world. The company controls the entire production chain — from the extraction of ore and coal to the production of semi-finished products and finished products.

This independent assessment by an international rating agency confirms the company's performance in improving operations, reducing debt, implementing a capital investment program, and strengthening vertical integration.

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