Ukraine: Central GOK profits halved in 2014
In 2014 Central Mining and Processing Works (Central GOK, Dniepropetrovsk region), a part of the Metinvest group, decreased its net profit by 51.2%, to 767.85 million UAH YoY.
In 2014 Central Mining and Processing Works (Central GOK, Dniepropetrovsk region), a part of the Metinvest group, decreased its net profit by 51.2%, to 767.85 million UAH YoY.
In January Ukraine produced 1720 thousand tons of pig iron, down by 3%, or by 54 thousand tons, MoM.
Metinvest SMC, Metinvest Group’s wholesale and retail sales channel in Ukraine, opened a new warehouse to hold a buffer stock of pipe products and a retail metal center.
Energomashstpetsstal (EMSS) will produce a large batch of billets for three European companies. The total weight of the billets will reach3875.6 tons.
The pretax losses of Ukrainian metal companies (negative financial results from ordinary activities before taxation) rose by 84.4%, to UAH 22.5 billion, from UAH 12.2 billion as of the end of 2014, according to preliminary data.
In January Ukraine produced 6612 thousand tons of iron ore and iron ore concentrate, up by 7%, or by 431 thousand tons, MoM.
In January Ukrainian ferroalloy companies produced 82.6 thousand tons of ferroalloys, down by 0.5% YoY.
Metinvest has set up a trade representative in Spain – Metinvest Iberica. The company will be responsible for strengthening cooperation with Metinvest rolled steel consumers in Spain and Portugal and for services.