"The suspension of operations is a necessary step to preserve lives during these challenging times. We believe in Ukraine's victory and are prepared to resume operations and rebuild Pokrovsk after the Russian invasion is repelled," said Metinvest CEO Yuriy Ryzhenkov.To sustain steel production at its plants in Dnipropetrovsk and Zaporizhzhia oblasts, Metinvest has developed a contingency plan. This includes sourcing coking coal from the U.S.-based United Coal Company, utilizing existing reserves, and securing additional supplies from third-party vendors.Pokrovsk, a crucial logistics hub for Ukrainian forces, has been the focus of fierce fighting as Russia intensifies its offensive in Donetsk Oblast.Steel exports generated nearly $2 billion in the first eight months of 2024, with production projected to reach 7.5 million metric tons by year-end.
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