Steel major Metinvest decided to invest in construction of a distribution center in the city of Dnipro. The projected capacity of the first line will be at 40 000tons of rolled iron, told Dmitriy Lipa the CEO of Metinvest-SMC. The construction will help to dispose steel products in demand at one place. At this, very limited in demand products will also be placed there.
Metinvest incorporates several companies from iron ore extraction and coal mining to coking productions, making of semi-finished and finished steel products, rolled steel, and other high value added steel products. The steel major also has its metallurgical enterprises and companies in Europe, the USA too.
SCM Group is a major shareholder of Metinvest owning 71,24% of the company’s shares. At this, Smart Holding possesses 23,76% stake.
