In 2015 Zaporizhstal plans to receive $300 million of EBITDA.
“This is a very difficult year, steel prices have fallen twice. As of now, our EBITDA is $250 million. I hope we can increase it by the end of the year by $50 million”, said the company CEO Rostislav Shurma.
He reminded that when Metinvest bought the company, it was profitless.
“And in 2014, by gradually investing into development and energy efficiency, we reached $500 million of EBITDA”, noted the company CEO, adding that its cost effectiveness also increased and is expected in 2015 on the level of 19%. (Ukrainian metal)