Ukraine’s restoration will need 3.5mt of steel: Metinvest

Ukraine will need 3.5 million tonnes of steel for the restoration of housing and social infrastructure due to the war with Russia, estimates Metinvest’s trading arm, Metinvest-SMC.

The company launched its detailed concept at the II Architecture and Construction Business Forum held in Kyiv on 5-6 October. Representatives of government and business, including builders, developers, architects and banks, spent two days discussing how to work together to ensure Ukraine’s rapid recovery.

“The beginning of the country’s large-scale reconstruction depends on victory and, according to our estimates, around 3.5 million tonnes of steel will be needed to restore housing and social infrastructure,” says the company’s construction segment head, Tetyana Skrypka. “We have taken into account the extent of the destruction of buildings, with more than 65,000 affected, and the average metal content of these facilities. The restoration will require time – forecast at between five to ten years – so we also considered average annual steel consumption.”

The country’s Steel Dream restoration concept created by Metinvest-SMC is based on the principle of “build Ukrainian” and unites various domestic producers. In the six months since the presentation of the first concept, around 50 partners have joined the project, including steel plants, designers, furniture producers and building materials manufacturers.

“In addition to Mariupol, authorities in two other Ukrainian cities have expressed their readiness to restore destroyed facilities as part of Steel Dream projects,” Metinvest says. “Negotiations and work on building projects adapted to local conditions are being conducted with several communities. In addition, considering the significant interest in the Steel Dream concept, especially from foreign partners, the project team is undergoing accreditation at international foundations for approval of the project.”

Ukraine decreased crude steel production in September to 558,000 tonnes, down by 3.4% compared to August but up 64% on-year (see Kallanish passim). In January-September, it produced 4.6mt of steel, still down 17% on-year.

Svetoslav Abrossimov Bulgaria