Metinvest, the vertically integrated group of steel and mining companies, is pleased to note the inclusion of two of its bond issues in the JPMorgan Corporate Emerging Markets Bond Index series (CEMBI), a global benchmark tracking US-dollar denominated debt issued by emerging market corporations. The bonds were issued on April 23 following the successful completion…
In March Metinvest increased EBITDA by 14.8% MoM, or by $29 million, to $225 million, with its revenue up by 19.91%, or by $182 million, to $1.096 million. As of March 31, the group total debt reached $3.086. In March Metinvest sold 619 thousand tons of semi-finished products valued at $275 million, in particular, 374…
In 2017 Metinvest occupied the 42nd place in the world largest steel manufacturers list, having produced 9.59 million tons. In 2016 the group occupied the 37th place with 10.34 million tons, while in 2015 – the 40th with 9.65 million tons and the 33rd in 2014 (11.18 million tons). The largest steel manufacturer last year…
Metinvest, the vertically integrated group of steel and mining companies, has repaid a part of its pre-export finance (PXF) facility ahead of schedule and demonstrated its commitment to reducing its debt further following the successful completion of the debt refinancing in April. That transaction, the largest ever of its kind by a Ukrainian corporate, refinanced…
Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world. In December 2015 Metinvest claimed having employed 94 thousand people. Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)
In January-March Metinvest decreased steel output by 4% YoY, to 1.825 million tons. At the same time pig iron manufacture grew by 9%, to 2.156 million tons. Iron ore concentrate production increased by 4%, to 6.924 million tons. Pellets manufacture grew by 48%, to 1.723 million tons. The group has decreased coking coal output by…
In February Metinvest increased the adjusted EBITDA by 29.8% YoY, to $196 million, but dropped by 14% MoM. According to the company statement, its revenue grew by 54.5% YoY, but decreased by 9.4% MoM, to $914 million. In February Metinvest increased metal sales by 47.6% YoY, but decreased by 18.2% MoM, to 1.287 million tons.…
The denial of the Antimonopoly Committee of Ukraine to allow Metinvest B. V. to purchase Dneprovsky By-Product Coke Plant is not final. “Having analyzed the situation we provided the company with preliminary results where we see monopolization. This is not a denial – Metinvest can react to the preliminary results”, the committee chairman Yuri Terentiev…