In January-September Metinvest increased capital investments by 55% YoY, to $308 million. The mining segment accounted for 55% of investments as opposed to 48% in January-September 2016, while metal segment for 43% (51%). Investments in the metal segment went to Mariupol Ilyich Iron and Steel Works and Azovstal. While mining investments were transferred to Severniy…
Metinvest is pondering the construction of the complex to manufacture rolled metal with polymer coating. According to the marketing director Roman Kurashev, the group could construct two lines with the capacity of 120-150 thousand tons each. Moreover, the group is also discussing the creation of the galvanized line with the capacity of 300 thousand tons.…
Metinvest has become the owner of AG Stal LLC, the manufacturer of welded pipes. At present the company operates as a pipe-welding shop of Mariupol Ilyich Iron and Steel Works. All the customers who want to buy AG Stal products are switched to Metinvest. Metinvest acquired the company last year. The company initiated its own…
Metinvest has stopped supplying hot-rolled coils to EU after the introduction of the fixed duty of 60.5 euro per ton. Still, according to the company marketing director Roman Kurashev, Metinvest has not completely abandoned the market. “We sell coils there from our European works”, he said. He noted, that Metinvest reoriented its exports from EU…
The new Metinvest strategy program presupposes increasing steel output at the group’s assets. According to the group marketing director Roman Kurashev, this concerns Mariupol Ilyich Iron and Steel Works and Azovstal, the loading of which at present is around 70-80%. “Unfortunately, right now we can’t give them more, as we cannot provide for sufficient deliveries…
In 2018 Metinvest SMC will start constructing a large distribution center in Dnepr with the capacity of 40 thousand tons of metal. “This will allow us to concentrate on that site a number of items, which are periodically in demand”, the company CEO Dmitry Lippa noted. According to him, thus Metinvest will be able to…
Metinvest will develop coated rolled metal manufacture together with Unisteel Ukraine LLC in the city of Kriviy Rih. According to Metinvest-SMC marketing director Roman Kurashev, the plant’s capacities are around 100 thousand tons of galvanized sheets per year. “Unisteel will be commissioned this year. In a couple of days it will start operating. The company…
Metinvest analysts believe that in 2018 the average price of hot-rolled coils will be $517 per ton as opposed to $503 in 2017. According to Metinvest-SMC CEO Dmitry Lippa, steel billets prices will increase to $459 per ton from $431. Iron ore raw materials will cost $71 per ton (in 2017 – $65). At the…
