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Daily Archives: 03.08.2011

Metinvest boosts steel output in January to July 2011

Metinvest Group of CompaniesBy admin03.08.2011Leave a comment

Steel output at Ukraine’s plants owned by Metinvest Holding rose by 8% YoY in January to July to 8.5 million tons.Metinvest, Ukraine’s largest mining and metals group, which is owned by the country richest man Rinat Akhmetov, operates three steel plants located in eastern Ukraine.The company also increased its pig iron production by 6% to…

Ukrainian steel makers ENMZ and AZST post losses in H1 2011

Azovstal Iron and Steel Works, Yenakievo Iron and Steel WorksBy admin03.08.2011Leave a comment

It is reported that Yenakievo Iron and Steel Works (ENMZ) increased net losses in H1 2011 by 29% YoY to $78 million, but cut them in half QoQ to $26 million in Q2. Azovstal Iron and Steel Works (AZST) posted $19 million in net losses in H1 2011 after recording $12 million in net profit…

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