Metalloinvest, Kursk region and the city of Zheleznogorsk authorities have signed a program of social and economic partnership for 2020. Parties will invest 1.5 billion rubles under the program, with 827 million rubles to come from Metalloinvest. In 2019, Mikhailovsky Mining and Processing Works, a part of Metalloinvest, paid 13 billion rubles to the regional…
In 2019, Metalloinvest received $1.731 billion of net profit, up by 5.1% YoY. Revenue dropped by 3.2%, to $6.96 billion. EBITDA decreased by 14.3%, to $2.514 billion. Debt increased by 0.2%, to $4.059 billion. Capital expenses grew by 17.2%, to $517 million. (Ukrainian metal)
Metalloinvest has signed a program of social and economic partnership with the government of Belgorod region for 2020. The volume of the program will exceed 8.55 billion rubles, and Metalloinvest will contribute 1.7 billion rubles. Metalloinvest is the city-forming company of Starooskol and Gubkinskaya agglomerations, accounting for a third of the region population. The money…
Metalloinvest has announces the pricing of its BO-04 series bonds for a total amount of 10 billion rubles through a public offering. During the book building, investors placed 38 orders that resulted in the issue being oversubscribed more than 3-fold. Following the book building, the coupon rate has been set at 6.55% with an initial…
A consortium of 7 international banks has provided Metalloinvest with a pre-export financing loan in the amount of 200 million euro. The banks are Societe Generale, ING, Bank of China, Credit Agricole CIB, Deutsche Bank, Intesa Sanpaolo Bank and UniCredit Bank. “The funds will be used to improve our loan portfolio, in particular optimize debt…
In January-September Metalloinvest received $1.484 billion of net profit, up by 19.2% YoY. EBITDA dropped by 3.1%, to $2.115 billion, and revenue – by 0.3%, to $5.328 billion. The share of high added value products in sales grew from 72% last year to 73%, with sales up by 2.7%. In Q3 Metalloinvest net profit increased…
Metalloinvest and the Pipe Metallurgical Company have concluded an agreement on the delivery of hot-briquetted iron and rolled sheets (strips). In particular, the parties have agreed that in 2020 Metalloinvest will supply TMK with some 240 thousand tons of HBI manufactured by Lebedinsky GOK. The second contract presupposes the delivery of around 75 thousand tons…
In January-September Metalloinvest produced 3.628 million tons of steel, down by 2.7% YoY. The decrease is explained with the capital repairs of the continuous casting machines Nos. 1 and 2 at Ural Stal and the trial operation of the flexible module furnace. Sales dropped by 1.1%, to 3.407 million tons. Semi-finished products accounted for 1.778…