In 2017 Ukraine will consume 4.6 million tons of steel, up by 7% YoY. “We see activity increase in construction, agriculture and machine-building. So we expect steel consumption to increase by 5-10%, by 7% on average”, Metinvest marketing director Roman Kurashev said. Construction and machine-building will become the main drivers behind the consumption growth. In…
Metinvest intends to keep its share of the British steel market after a number of Liberty Steel works gets relaunched. “British market is interesting for us only from the point of view of steel plate sales. At present the situation is even. Our Spartan UK is 100% loaded, we have orders”, the Metinvest marketing director…
Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August posted positive EBITDA of $133 million, while in the previous month the figure was $147 million. According to preliminary unaudited consolidated data from the company’s financial statements under IFRS, revenues in August stood at $555 million, while…
Metinvest intends to develop its sales network in Europe to be closer to European consumers. According to Metinvest Western Europe sales director Roberto Re, the group has four works in Europe: two in Italy, one in Bulgaria and one in UK, as well as a network of 13 offices. “Our companies in EU always stock…
Each year Metinvest companies pay over 300 million UAH of environment tax to the budgets of all levels. Such a tax could become a resource for ecological improvement. And the local companies should receive the most of these payments and have the right to spend them on modernization. “And what if the local authorities decide…
In January-June Metinvest B.V. received $90 million of net profits as opposed to $166 million of losses in H1 2015. The company revenues dropped by 21% YoY, to $2.88 billion, while EBITDA decreased by 7%, to $580 million. The total debt increased by 1%, to $2.98 billion. According to the group CEO Yuri Ryzhenkov, the…
Metinvest doesn’t see steel prices growing considerably in 2017. “We believe everything will be on this year’s level”, Yuri Ryzhenkov, Metinest CEO, reported. According to him, results of the antidumping investigations by EU will be important for Ukrainian producers. “From the point of view of Ukrainian manufacturers, everything depends on antidumping investigations. If they end…
Metinvest Group approves of the steps taken by the government to support the industry, but at the same time calls for strategic decision making in settling transparent and understandable rules on the market, including scrap market. According to the group CEO Yuri Ryzhenkov, the decrees on cancellation of 5% import duty on scrap and the…
