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…
In January-September Metinvest increased steel output by 6% YoY, to 5.905 million tons. The manufacture grew due to the increased output at Mariupol Ilyich Iron and Steel Works by 399 thousand tons. At the same time Azovstal decreased steel production by 91 thousand tons. In Q3 manufacture remained unchanged QoQ at 1982 thousand tons, as…
Metinvest has cleared its $75-million debt of pre-export financing in advance. Now the company debt amounts to $406 million. “This move demonstrates our attention to servicing our debt and relieves Metinvest of paying planned amounts of the main debt for the next several months, which will provide us with a financial flexibility during the steel…
Metinvest Group intends to remain a stable player on the European steel market. “We are working on a business model to let us become a consistent player and diversify sales between various regions to focus on our main consumer markets”, the group sales director Dmitriy Nikolayenko declared. “Metinvest is the manufacturer with low expenses and…
In July Metinvest increased EBITDA by 54.3% MoM, to $145 million. Revenue dropped by 3.7%, to $946 million. Debts fell by $22 million, to $2.7 billion. In January-June Metinvest decreased net profit by 39% YoY, to $408 million. Revenue dropped by 6%, to $5.8 billion, and EBITDA – by 33%, to $890 million. (Ukrainian metal)
Metinvest has transferred its shares of Zaporizhstal from its Cyprus companies – Brandfeld Finance Ltd. and Lasartico Holdings Ltd – to Metinvest B. V. (the Netherlands). The share of Brandfeld Finance Ltd. dropped from 23.92% to zero, and that of Lasartico Holdings Ltd. from 26.081% to zero. The share of Metinvest B. V. in Zaporizhstal…
Metinvest has decided to publish information on the operation of its Mariupol metal plants modernized mills. The first will be the data on average daily dust concentration from Mariupol Ilyich Iron and Steel Works sintering machines Nos. 7-9. This information will be daily provided to be posted on the site of the Donetsk Regional State…
Metinvest has issued 10-year eurobonds for $500 million at 7.95% and 5-year eurobonds for EUR 300 million at 5.75%. The combined demand for the two tranches exceeded $1.1 billion. Metinvest held meetings with investors in US, UK and continental Europe on September 18-27. (Ukrainian metal)