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Ukraine's Metinvest considering selling its US coking coal unit

Ukrainian steel and coal giant Metinvest has entered the process of evaluating a non-binding takeover offer for its US-based coke subsidiary United Coal Company.

Ukraine's Metinvest considering selling its US coking coal unit
Ukrainian steel and coal producer Metinvest is evaluating a non-binding takeover proposal for its US-based coking coal subsidiary, United Coal Company. Metinvest has received the preliminary offer and is carefully reviewing its strategic implications before making a final decision.

United Coal Company, acquired by Metinvest in 2009, operates 14 coal mines across West Virginia, Virginia, and Kentucky. The company produces approximately 3 million tons of coking coal annually, a critical raw material in steel production.

Metinvest has not provided a timeline for its decision on the offer. Analysts noted that the move could further integrate the company’s supply chain at a time of heightened geopolitical and operational risk.

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