In August, Metinvest B. V, decreased revenue by 7.9% YoY, to $838 million. EBITDA grew by $12 million, to $216 million. Metal division EBITDA totaled $91 million, while mining – $134 million. Metal revenue amounted to $671 million, mining – $258 million and intragroup sales – $91 million. Debt dropped by $64 million to $3.017…
Ukrzaliznytsia intends to offer its services on locomotive repair to private companies. One of them could be Metinvest. According to the company, Lviv Locomotive-Repair Works, Dniepropetrovsk Locomotive-Repair Works and Zaporozhye Electric Locomotive-Repair Works have to show their worth not only at the expense of Ukrzaliznytsia, but also on the open market. That is why Ukrainian…
In January-June, Metinvest Group increased steel output by 1% YoY, to 3.963 million tons. In particular, Mariupol Ilyich Iron and Steel Works increased manufacture by 38 thousand tons. Pig iron output grew by 1%, to 4066 thousand tons, with Azovstal increasing output by 97 thousand tons. At the same time, Mariupol Ilyich decreased output by…
Italy’s Genoa has finished constructing a bridge in place of the previous one, which collapsed on August 14, 2018. The reason of the accident was the destruction of a ferroconcrete rope. Under the project to restore the bridge, Metinvest has become the main steel supplier. Semi-finished products were manufactured at Azovstal, while high-quality rolled metal…
Barlenco Ltd. (Cyprus), affiliated with Metinvest, intends to use its right to squeeze out shares of Zaporozhogneupor minority holders. On July 6, Zaporozhogneupor received a notification from shareholders on reaching the dominating controlling shares on July 3. Prior to this, Metinvest B. V. owned 2,650,697 shares, or 45.385539% of the total, Zaporizhstal – 2,874,068 shares…
Metinvest is at the final stage of negotiations with the Black Sea Trade and Development Bank on a 7-year EUR 62-million loan, approved by the bank board. The group will use the funds to carry out its investment program and replenish working capital. The financing terms will be finalized when signing the documents. (Ukrainian metal)
In April, Metinvest B.V. received $742 million of revenue, down by 13.2% MoM. EBITDA dropped by $45 million, to $126 million. In particular, the corrected metal division EBITDA totaled $64 million ($108 million in March) and mining division – $94 million ($100 million). Metal division revenue fell from $672 million to $580 million, while that…
Quick recovery of the business activities in China has not only positively influenced Metinvest mining segment, but also allowed it to supply steel products there. “China is not our traditional customer as to metal products, but it is our long-term market for iron ore raw materials”, the group CEO Yuri Ryzhenkov said. “With the suffering…
During the coronavirus quarantine lockdown, Metinvest enterprises carried out 21 capital repairs of machinery and mastered manufacture of 16 new types of products, having spent 331 million UAH on modernization. In particular, Azovstal repaired 16 main machines. Investments totaled 126 million UAH. Mariupol Ilyich iron and Steel Works finished 5 capital repairs of main and…
In January-March, Metinvest decreased revenue by 11% YoY, to $2.536 billion. The decrease was mostly due to the drop in sale prices following global decrease, as well as the influence of the COVID-19 pandemic on the business activity and demand for steel. Revenue in Ukraine decreased by 6%, to $726 million. At the same time,…
In January-March, Metinvest Zaporozhye plants – Zaporizhstal, Zaporozhogneupor, Zaporozhkoks and Zaporozhye Foundry-Mechanical Works – paid over 700 million UAH of taxes to the budgets of all levels. In particular, Zaporozhye city and regional budgets received some 202 million UAH, down by 0.9% YoY. Earlier, the Metinvest Group waved tax holidays, provided by the state due…
In January-March, Metinvest increased steel output by 12% YoY, to 2.17 million tons, and pig iron – by 7%, to 2.09 million tons, at the same time decreasing coke manufacture by 12%, to 1.12 million tons. Compared with Q4 2019, steel output grew by 30%, pig iron – by 11% and coke – by 7%.…
Metinvest has suspended operation at two of its Italian plants due to the COVID-19 pandemic and the demands of the government. In particular, Ferriera Valsider and Metinvest Trametal will be shut down until April 3. In case the suspension of operation continues, Metinvest is expecting a decrease of output at its Ukrainian assets as well,…
Metinvest-Shipping, the main expeditor of Metinvest, has retained the first place in the “Expeditor of the Year” nomination of the 13th National Sea Rating. The company has been reaching the first place for the past 5 years. Metinvest-Shipping has become the absolute leader in non-container cargo transportation. Last year, the company shipped 32.86 million tons…
In January, Metinvest B.V. increased revenue by 5.5% MoM, to $821 million. EBITDA totaled $73, up by $112 million. Metal division revenue grew by 9.8%, to $681 million, mining division revenue was $234 million and inter-group sales – $94 million. Debts dropped by $5 million, to $3.032 billion. Metinvest received $38 million of profit from…