In 2017 Metalloinvest revenue grew by 46.2%, to $6.2 billion mostly because of market situation improvement and the growth of high added value products sales, in particular hot-briquetted iron. Metal products sales revenue last year increased by 43.7%, to $3.2 billion, and iron ore sales – by 51.5%, to $2.8 billion. The main share of…
In 2017 Metalloinvest increased sales of high quality rolled metal for bridge construction by 24% YoY, to 230 thousand tons (186 thousand tons in 2016). Last year a number of major infrastructure objects constructed of the UralStal steel were commissioned, such as the bridge over the Volga River in Nizhniy Novgorod and over the Tura…
In 2017 Metalloinvest increased steel production by 2.1% YoY, to 4.8 million tons. According to the company statement, pig iron output dropped by 9.3%, to 2.7 million tons. Hot-briquetted iron manufacture grew by 22.6%, to 7 million tons, while that of pellets dropped by 0.4%, to 25.1 million tons, and ore – by 1%, to…
Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, has signed an agreement with a club of banks for a $240 million pre-export finance facility (the “PXF-2018”). The new PXF has a 5-year tenor with a 4-year grace period; interest rate is linked to…
Metalloinvest and the United Metallurgical Company (“OMK”) held a Coordination Committee meeting dedicated to their performance in 2017 and next year planning. The meeting held at JSC Ural Steel (part of Metalloinvest) was attended by Andrey Prosyanik, the domestic sales director of MC Metalloinvest, Evgeny Maslov, the managing director of JSC Ural Steel, Pavel Stepanov,…
The board of directors of Metalloinvest has decided to pay 8 billion rubles of dividends to the shareholders following the work in January-September. On the results of H1 Metalloinvest has already paid 20 billion rubles of dividends. In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY. EBITDA grew by 80.8%, to…
In January-September Metalloinvest received $1.089 billion of net profit, up by 53.8% YoY. Revenue totaled $4.556 billion, up by 52.4% YoY. EBITDA grew by 80.8%, to $1.544 billion, with metallurgical segment of the company EBITDA up by 39.8%, to $267 million. (Ukrainian metal)
In Q3 Metalloinvest produced 10 million tons of iron ore concentrate and sinter ore, down by 0.9% QoQ, mostly because of scheduled repairs. Pellets output totaled 6.3 million tons, up by 0.9% QoQ. HBI manufacture dropped by 4.8% QoQ, to 1.7 million tons, because of the repair of HBI complexes Nos. 1 and 2 at…
