Metinvest intends to acquire Unisteel LLC, the producer of cold-rolled galvanized metal. Metinvest-SMC LLC has already filed a corresponding request to the Antimonopoly Committee. As the result of the purchase the Metinvest-SMC share in Unisteel will exceed 50%. Unisteel with the capacity of 100 thousand tons of galvanized metal per year was constructed in 2007-2010.…
In December 2017 Metinvest increased its EBITDA by 28.1% MoM, to $251 million, with revenue up by 5.7%, to $915 million. As of December 31, 2017 the group combined debt was $3.017 billion. In December 2017 Metinvest sold 465 thousand tons of semi-finished products valued at $194 million: 232 thousand tons of pig iron billets…
In 2017 Metinvest compensated for the decrease in demand for concentrate on the domestic market with exports. The first half-year of 2017 was difficult as to iron ore raw materials sales. “We stopped supplying iron ore raw materials to 4 Ukrainian companies – Donetskstal, Yenakievo Iron and Steel Works, Alchevsk Iron and Steel Works and…
Metinvest Group forecasts the growth of metal consumption on the domestic market at 8%. “In 2017 the domestic demand grew by 5-6%. This year we expect it at the level of 8%. We hope that the infrastructure construction and metal processing provide for the growth”, Metinvest sales director Dmitry Nikolayenko said. Last year the group…
On February 18 Metinvest paid $14.8 million of interest on Eurobonds with the maturity on December 31, 2021. This volume consists of $8.289 million of guaranteed interest income of 2.793% for the period from November 18, 2017 till February 18, 2018, as well as $6.508 million of non-guaranteed interest income for the period of January…
Metinvest B.V., the parent company of a vertically integrated group of steel and mining companies (jointly referred to as “Metinvest” or “the group”), announced its operational results for the fourth quarter and 12 months of 2017. In Q4 2017 Metinvest’s hot metal output increased by 6% QoQ, 2,154 thousand tons, driven mainly by a rise…
In 2017 Metinvest Group decreased iron ore raw materials output. In particular, iron ore concentrate production dropped by 7% YoY, to 27.464 million tons. Iron ore pellets manufacture fell also by 7%, to 5.742 million tons, mostly because the group ceased deliveries to customers situated on the Ukraine-uncontrolled territory. Coal concentrate output decreased by 15%,…
Metinvest B. V. has increased its share in the Severniy Mining and Processing Works from 96.3961% to 96.4187%. According to the company statement, as of December 31, 2017 there were changes in the owners of more than 10% of shares. Metinvest purchased shares on the secondary market. As of late 2016 Metinvest owned 96.3961% of…
