Metinvest continuously modernizes its Mariupol Ilyich and Azovstal Iron and Steel Works. In particular, $82.6 million were invested in environmental projects in 2019. Mariupol Ilyich finished reconstructing its gas-purifying machine No. 3, while the modernization of the sintering factory is drawing to an end. At the same time, Azovstal has commissioned a dust-exhaust machine for…
In December Metinvest enterprises did not receive VAT reimbursement in the amount of 1.5 billion UAH. In particular, Mariupol Ilyich Iron and Steel Works has not received some 1 billion UAH. Because of that the employees are worrying about the delays in their salary payment. According to Ukrmetallurgprom president Alexander Kalenkov, the State Tax Service…
In January-September Metinvest EBITDA decreased by 39% YoY, to $1.234 billion. This was mostly due to a decrease of Metal EBITDA by $1.085 billion. At the same time, Mining EBITDA grew by $271 million. Moreover, average sale prices of metal products have decreased, while expenses have grown. In particular, expenses on raw materials increased by…
In January-September Metinvest increase investments by 24% YoY, to $770 million. The share of strategic projects dropped to 35% from 39%. In particular, scheduled repairs of manufacturing facilities accounted for 65% (61%) The key project was the capital repair of Azovstal blast furnace No. 3 with the construction of pulverized coal injection system, completed in…
As of September 30 Metinvest debt has decreased by 3% since the start of the year, to $2.656 billion. The decrease is due to a partial repayment of a pre-export financing and the deferred remuneration for the purchase of 24.77% in the Pokrovskoye Mine Group. In 9 months Metinvest attracted over $50 million as loans…
Metinvest has become a leader of the innovations rating in the “Industry” nomination, compiled by Delo. The rating has been compiled based on the opinion of experts (40%), editors (40%) and online voting (20%). The companies were evaluated based on product innovation, innovation approaches in business process management and the scope of innovations. The best…
Ukrainian Railways ordered Metinvest-SMC LLC the delivery of rails valued at 583.06 million UAH. Until the end of 2020 the company has to supply 21.96 thousand tons of R-65 rails with the length of 25 m at 26,550 UAH per ton. The rails are manufactured by Azovstal. (Ukrainian metal)
Metinvest has invested almost 60 million UAH to improve the city of Mariupol, where two of its plants are situated – Mariupol Ilyich Iron and Steel Works and Azovstal. In particular, the group has created a chess club, on the basis of which a Multi-Hub SPALAH has been initiated, which has become a place to…
Nikolayev Shipbuilding Works “Ocean” has ordered Metinvest Group 1.2 thousand tons of shipbuilding steel, 900 tons of which will be used in the construction of two barges for Eurubulk. The length of the vessels will be 79 meters and the width – 9.6 meters. The other 300 tons will be used for another contract. Metinvest…
Thanks to the first stage of the Mariupol Ilyich Iron and Steel Works hot-rolling mill-1700 reconstruction, Metinvest will increase its sales of sheets to 4 million tons. “At present we produce 3.4-3.5 million tons of high-quality flat rolled metal, but now we will be able to produce 4 million tons”, Metinvest sales director Dmitriy Nikolayenko…