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𝕏xIT first seen 6 d ago, last 1 d ago, peak #4

Metinvest may pull out of €3 billion Italian steelworks project

Original: Metinvest is considering quitting a project to build a €3 billion steelworks in Italy as Russian attacks on the company’

Metinvest is weighing an exit from a planned €3 billion steelworks project in Italy, as Russian attacks on its Ukrainian plants strain the company's finances. The dilemma highlights how the war is forcing the Ukrainian steelmaker to choose between rebuilding domestic production capacity and committing to major investments abroad.

Why now: Russian strikes on Metinvest's Ukrainian facilities are putting the company's finances under pressure, raising doubts about its Italian investment.

MetinvestItalyUkraineRussia

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