In January-June Metinvest decreased net profit by 39% YoY, to $408 million. The company revenue dropped by 6%, to $5.818 billion, and EBITDA – by 33%, to $890 million. At the same time the total and net debts remained unchanged – $2.753 billion and $2.474 billion respectively. (Ukrainian metal)
Ukrzaliznytsia (Ukrainian Railways) has concluded 30 agreements with Metinvest-SMC LLC on the purchases of steel valued at 102.55 million UAH. In particular the company will supply carbon steel hot-rolled plates with the thickness of 3 to 20 mm at 20,760-21,137 UAH. Most of the agreements have the same price of 3.86 million UAH. Some are…
Early on September 5 fire break out on the territory of Metinvest – Kriviy Rih repair-mechanical plant. According to the emergency service, a transformer in the foundry shop took fire. The fire has damaged the electric cable. The size of the fire was 3 meters. There were no casualties. According to the Metinvest press-service, the…
Under the program to develop new products manufacture Metinvest in 2019 has focused on galvanized rolled metal. “At Unisteel we have mastered the thickness of 2 mm. We have also started shipping trial batches of S350GD steel with the thickness of over 1.6 mm, including with the zinc coating of 275 g”, the group marketing…
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…