Azovstal Iron and Steel Works, Mariupol
Металургійний комбінат «Азовсталь», Маріуполь
Location
| Oblast | Donetsk |
|---|---|
| Settlement | Mariupol |
| Address | Azovstal Iron and Steel Works, southern Mariupol, Donetsk Oblast |
| Coordinates | 47.0665°N, 37.6003°E |
Damage Record
| Incident date | 2022-03-01 |
|---|---|
| Incident type | artillery shelling |
| Destruction level | Destroyed (95–110%) |
| Re-damage count | 0 |
| Verified by |
Evidence sources
- KSE Russia Will Pay — Azovstal industrial damage KSE
Wartime Status
| Lifecycle stage | In pipeline |
|---|---|
| Rebuildability | Occupied territory (pipeline only) |
| Sovereign risk band | severe |
| De-risking instruments | None identified |
Physical Specifications
| production capacity mt per year | 6.5 million tonnes/year extracted from source |
|---|---|
| floor area m2 | — m² pending data |
| annual capacity tonnes | 6,500,000 tonnes/year extracted from source |
Reconstruction Cost Estimates
Cost figures are estimates derived from published unit-cost benchmarks (RDNA4, KSE Institute) and named comparable Ukrainian precedents. Not guarantees, not procurement quotes. All amounts in USD millions.
Baseline
Repair to pre-war condition
Code-compliant
Rebuild to current EU/UA building codes
Build-back-better
Rebuild with technology overlays
Financing Structures
Twelve-tranche capital stack derived from sector × path templates (RDNA4, EU Facility, EBRD). All tranches sum to 100%.
Baseline
Show full capital stack
| Tranche | % |
|---|---|
| Grant (Pillar I) | 5% |
| ERA / Frozen Assets | — |
| First-loss / Guarantee | 5% |
| Concessional IFI Debt | 15% |
| Senior IFI (near-mkt) | 20% |
| ECA-Covered Debt | — |
| DFI Equity / Quasi-eq. | 10% |
| Public / Municipal Eq. | — |
| Diaspora / Patriotic Bd | — |
| Commercial Bank Debt | 10% |
| Institutional Debt | — |
| Private Equity / Infra | 35% |
Political risk insurance (required): MIGA War & Civil Disturbance, UK Export Finance, ECA
INDUSTRIAL_BASELINE
Code-compliant
Show full capital stack
| Tranche | % |
|---|---|
| Grant (Pillar I) | 10% |
| ERA / Frozen Assets | — |
| First-loss / Guarantee | 5% |
| Concessional IFI Debt | 15% |
| Senior IFI (near-mkt) | 20% |
| ECA-Covered Debt | — |
| DFI Equity / Quasi-eq. | 10% |
| Public / Municipal Eq. | — |
| Diaspora / Patriotic Bd | — |
| Commercial Bank Debt | 10% |
| Institutional Debt | — |
| Private Equity / Infra | 30% |
Political risk insurance (required): MIGA War & Civil Disturbance, UK Export Finance, ECA
INDUSTRIAL_CODE_COMPLIANT
Build-back-better
Green steel / decarbonisation pathway unlocks EU industrial recovery grants; private equity anchor expected from strategic investor
Show full capital stack
| Tranche | % |
|---|---|
| Grant (Pillar I) | 15% |
| ERA / Frozen Assets | — |
| First-loss / Guarantee | 5% |
| Concessional IFI Debt | 15% |
| Senior IFI (near-mkt) | 20% |
| ECA-Covered Debt | — |
| DFI Equity / Quasi-eq. | 10% |
| Public / Municipal Eq. | — |
| Diaspora / Patriotic Bd | — |
| Commercial Bank Debt | 10% |
| Institutional Debt | — |
| Private Equity / Infra | 25% |
Political risk insurance (required): MIGA War & Civil Disturbance, UK Export Finance, ECA
INDUSTRIAL_BBB
Record Metadata
| Asset ID | AZOVSTAL_STEEL_2022_03_01 |
|---|---|
| Last reviewed | 2026-10-22 |
| Schema version | 1.0.0 |
| Tags | industrial, steel, donetsk, mariupol, occupied |