About the Group

1991 :

• MetalsRussia founded in partnership with a Hong Kong-based trading group 

1996 :

• MetalsRussia traded more than 10 million tons of steel per year
• Group buys Donetsk Metallurgical Plant (DMZ) with an option for 40% of the shares 

1997 :

• Group modernizes the plant with investment of $95 million and starts implementation of large-scale investment project with MetalsRussia as a strategic investor
• Modernized electric steel-making complex of DMZ; range of products included high  alloy steel grades

1998 :

• The investment projects into DMZ, implemented by Italy’s Danieli, singled out the plant as one of the most modern in Europe

1999 :

• MetalsRussia name changed to International Steel & Tube Industries Ltd. (ISTIL). The name was changed to better reflect the Group’s international expansion.
• As a result of restructuring in late 1999, DMZ was renamed into ISTIL (Ukraine), a mini steel mill and the only steel production facility at that time in Ukraine based on more efficient technology using an electric arc furnace and continuous casting technology

 2004 :

• The European Bank for Reconstruction and Development provides a Euro 25.6 million loan for the plant's development. This was the first loan given by EBRD to a Ukrainian steel company and reflected ISTIL's commitment to the environment

 2007 :

• The EBRD loan increased to $85 million.
• International banks (Unicredit, BNP Paribas, BCV) provide credit lines totaling $170 million
• Group considered an initial public offering on the London Stock Exchange’s Alternate Investment Market and received many offers for 100% buyout during this process

 
 2008-2009 :

• Steel production assets of ISTIL Group were sold to the Estar Group (Russia) in April 2008
• ISTIL Group begins investing in real estate, media, film production and distribution, the energy sector, as well as other areas

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