In January-September, Metinvest increased steel output by 13% YoY, to 6.93 million tons. In particular, Mariupol Ilyich Iron and Steel Works produced 3.2 million tons of steel, up by 7%, and Azovstal – 3.34 million tons, up by 6%. Rolled metal manufacture grew by 23%, to 5.3 million tons, with flat rolled metal up by…
In September, Metinvest introduced payments for harmful working conditions and in October increased wages. The group says average income of Dneprovskiy By-Product Coke Plant employees will grow by 15%. Metinvest bought 73% of DKHZ in March 2020, while in August – Dneprovskiy Iron and Steel Combine for 9.17 billion UAH. In mid-September, employees asked to…
Metinvest-SMC LLC has won two auctions in the Prozorro. Public purchases system to supply 5.8 thousand tons of rail pads with the combined cost of 245.9 million UAH to Ukrzaliznytsia. In particular, the company has to supply 4.7 thousand tons of 1KB-65 pads for 199.8 million UAH and 1.080 thousand tons of 1KB-50/65 pads for…
Ukrainian Railways has ordered Metinvest-SMC LLC the delivery of rails valued at 1.49 billion UAH. This year the company has to supply 43,989 tons of R-65 rails with the length of 25 m produced not earlier than in 2021 at 33,780 UAH per ton. The rails will be produced by Azovstal. The price of the…
In January-June, Metinvest B.V. increased consolidated revenue by 70% YoY, to $8.47 billion. Steel sales grew by 12% and pellets – by 36%. Metal segment revenue amounted to $6.4 billion, up by 65%. The group EBITDA went up 5.3-fold, to $3.795 billion, and the metal segment EBITDA – 7.3-fold, to $1.74 billion. Capital investments grew…
Metinvest-SMC has won an auction in the Prozorro.Public sales system to supply 44 thousand tons of R-65 rails valued at 1.5 billion UAH to Ukrzaliznytsia. Sota-Ukraine LLC also participated in the auction, but Metinvest-SMC offered lower price. The rails have to be supplied until the end of the year.
Metinvest has announced a tender to buy back up to $250 million worth of its eurobonds maturing in 2026 with the total volume of $647.66 million. Bonds will be bought for cash with the minimal price of $1,140 per each $1,000 bond. The offer is valid until August 18. The results will be announced on…
In January-June, Metinvest increased steel output by 10% YoY, to 4.36 million tons. Pig iron manufacture grew by 8%, to 4.41 million tons, while coke dropped by 0.2%, to 2.37 million tons. Manufacture of semi-finished products decreased by 4%, to 1.45 million tons, mostly due to a drop in slabs output by 131 thousand tons.…