Ilich Steel, Metinvest combination could create one of world's top 20 steel firms

摘要

A likely combination between the Ilich Iron & Steel Works of Mariupol and the Metinvest conglomerate would create one of the world's top 20 steel firms, Ukrainian analysts say. Metinvest is currently the world's 30th biggest steel producer. It is also the world's seventh biggest iron ore producer. Metinvest has idle mining, coal and coking capacity, and a well established sales network, and Ilich has a convenient location for exports, so the synergy is clear, said Andrei Gerus, head of consulting at Concorde Capital. The combination would create the FSU's biggest metallurgical group, he said.