Metinvest enterprises are able to satisfy the local demand for galvanized metal with thickness less than 0.3 mm, Metinvest Holding marketing director Roman Kurashev said, commenting Russian and Chinese duties. “First of all, we will commission a modernized hot-rolling mill-1700 at Mariupol Ilyich Iron and Steel Works, and thus will be using hot-rolled metal with…
Under the “Working conditions” program, Metinvest is gradually improving the amenities at its enterprises. Thus, after capital repairs the Metinvest-Promservice has received another bath with the size of 200 square meters in the sinter machinery repair shop. Over 2 million UAH were invested in the project. This year Metinvest has already spent 20 million UAH…
Since the start of the year Metinvest has provided over 16 million UAH for the beautification of the building surrounding grounds in Mariupol. The project is carried out under the “Comfortable yard” program On the territory surrounding buildings new children playground appear, as well as gazebos, benches and sports grounds. In 3 years Metinvest has…
In January-June iron ore manufacture at Metinvest enterprises grew by 3% YoY, to 14.454 million tons. In Q2 concentrate output increased by 1% QoQ, to 7.25 million tons, mostly due to the growth of output at SevGOK by 87 thousand tons, which compensated for the drop of 41 thousand tons at InGOK. Pellets manufacture increased…
In January-June Metinvest produced 3.923 million tons of steel and 4.008 million tons of pig iron, up by 3% but down by 7% YoY respectively. Coke manufacture dropped by 7%, to 2.48 million tons. In Q2 steel output increased by 2% QoQ, to 1.982 million tons, and pig iron – by 5%, to 2.051 million…
Metinvest has laid claims to Dneprovsky Iron and Steel Works. On July 5 the Commercial Court of the Dniepropetrovsk region initiated the bankruptcy procedure of DMK. Metinvest is one of the suppliers of raw materials to DMK. “We have for a long time tried to settle with ISD (Industrial Union of Donbass, owner of DMK)…
This year Metinvest will spend some 50 million UAH on the project to implement LED-lighting at the Severniy Mining and Processing Works. The old lamp replacement will improve the working conditions of the employees and will let save around 25 million UAH per year. At present the enterprise has a new lighting system at the…
Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…
Metinvest has transferred shares of the enterprises, remaining on the occupied territory, to a separate company. One of the plants is already being bankrupted. The shares have been transferred to Sitler Management Limited (Cyprus). The company is 100% owned by Metinvest B. V. The names of the enterprises, the shares of which were transferred, were…
In April, Metinvest B. V. revenue dropped by 7.5% MoM, to $954 million. EBITDA was $173 million, down by 6%. Corrected EBITDA of the metal division totaled $53 million ($46 million in March), and of the mining – $151 million ($148 million). Combined revenue comprised metal division revenue of $791 million ($844 million) and mining…
The development of sizes and grades of products according to foreign standards and demands of key customers is one of the priority tasks for Metinvest this year. This year the group plans to master the manufacture of four new sizes of slabs and 19 new flat rolled products. Some of the new products are already…
Metinvest will invest 4 million UAH in the projects to create children development centers in Kriviy Rih. The best projects will be chosen at the business idea competition organized by the Kriviy Rig Foundation of the Future and implemented with the help of Metinvest. Each project will receive a grant of at least 300 thousand…
In 2018 Metinvest was placed 42nd in the rating of the largest steel producers, published by World Steel Association. Last year the group produced 9.37 million tons of steel, down from 9.59 million tons in 2017. In 2017 Metinvest was also placed 42nd. But before it lost its assets in Eastern Ukraine, seized by Russia-controlled…
In January-March, Metinvest B.V. decreased capital investments by 8% YoY, to $198 million. The share of projects to improve capacity reached 43%, up from 39% in Q1 2018. Capital repairs accounted for 57% of investments (61% last year). Metal segment accounted for 50% of investments, while mining – 48%. 2% fell on corporate expenses. Last…
In January-March, Metinvest decreased revenue by 5% YoY, to $2.863 billion.
EBITDA dropped by 33%, to $435 million.
Capital investments fell by 8%, to $198 million.
At the same time, the Group total debt decreased by 2%, to $2.682 billion, with net debt unchanged at $2.464 billion. (Ukrainian metal)
The Metinvest Green Center has held a competition “100 yards” on the urban improvement of Kriviy Rih. This year, 197 projects were submitted for the competition. The projects have been evaluated by specialists from the site improvement and housing spheres, citizen representatives and miners. The competition has been running since 2016, and so far Metinvest…
In 2018 three mining and processing works of the Metinvest Group received the consolidated net profit of 15.8 billion UAH. In particular, Ingulets Mining and Processing Works received 5.3 billion UAH of net profit, down by 11.9% YoY. Its net income grew by 19.1%, to 18.7 billion UAH. Severny GOK increased net profit by 5.4%,…
In January-March, Metinvest produced 1.941 million tons of steel, up by 6% YoY. In particular, Mariupol Ilyich Iron and Steel Works produced 154 thousand tons and Azovstal – 62 thousand tons. The increase is due to the absence of capital repairs of converters and the commissioning of the continuous casting machine. Pig iron output dropped…
Metinvest was the first among Ukrainian companies to get a Vision Zero certificate. According to the group statement, it is operating based on the principles of sustainable development. One of the most important directions of the company is the labor safety and employee health protection. At present the group is implementing a couple of investment…
The Antimonopoly Committee of Ukraine has allowed Metinvest to buy over 50% shares of Dneprovsky By-Product Coke Plant. In particular, the AMKU decision says that Private Limited Liability Company Metinvest BV, the Netherlands, has been granted the right to purchase shares of the Dneprovsky Coke Plant, as a result of which the share of the…
In January Metinvest B. V. (the Netherlands) decreased revenue by 7%, or by $68 million MoM, to $900 million. EBITDA grew by 22.3%, to $126 million. The metal division EBITDA dropped by $9 million, to $18 million, while that of mining division – by $14 million, to $99 million. Consolidated revenue of the metal division…
The Antimonopoly Committee of Ukraine has postponed the review of the issue of Metinvest buying over 50% in Dneprovsky By-Product Coke Plant.
The Committee had to review the issue on April 11.
In 2017 Evraz Dneprodzerzhinsk By-Product Coke Plant changed its name to Dneprovsky By-Product Coke Plant. (Ukrainian metal)
From April 1, Metinvest will increase wages to its employees by 15% on average. The salary of the directors of Metinvest enterprises and employees of the managing company will not increase. Last year Metinvest increased the wages twice: in April they grew by 20%, and in October – by 10%. In 2018 the average salary…
Capital investment projects will become the main focus for the Metinvest group this year. “We have recently commissioned the continuous casting machine No. 4 at the Mariupol Ilyich Iron and Steel Works, but this is only the beginning of our large-scale investment program, as it allows us increasing our steel output by 1 million tons.…