In January-September Metinvest revenues decreased by 36% YoY, to $5.39 billion.
The fall was caused by the decrease in flat sales (by $1.11 billion), long rolled products (by $528 million), iron ore products (by $707 million), semis (by $419 million), pipes (by $92 million) and by-product coke chemistry (by $66 million). Metal division accounted for 79% of all export sales (79% in January-September 2014), while mining division fell to 21% (22%).
Revenues in Ukraine totaled $1.2 billion, down by 41% YoY, with mining division down by 54% and metal – by 32% YoY.
International sales increased by 2% YoY, to 78%. Exports to Europe in January-September went up by 6% YoY, to 33%, thanks to square billets, flats and pellets sales increase. South Africa decreased Metinvest imports by 3%, to 12%, as the prices for iron ore products fell, and flats and slabs sales went down. (Ukrainian metal)