Ukraine: Metinvest steel output up in H1 2016
In January-June Metinvest produced 4.18 million tons of carbon steel, up by 8% YoY. According to the company statement, Q2 output totaled 2.19 million tons, up by 10% QoQ. (Ukrainian metal)
In January-June Metinvest produced 4.18 million tons of carbon steel, up by 8% YoY. According to the company statement, Q2 output totaled 2.19 million tons, up by 10% QoQ. (Ukrainian metal)
In May Metinvest group increased its EBITDA by 29.3% MoM, or by 46 million UAH, to $203 million. The group income went up by 6.18% MoM, or by $31 million, to $533 million. In April Metinvest had EBITDA of $157 million, and $91 million in May. (Ukrainian metal)
Metinvest reports on difficulties working on the Customs Union market due to the cancellation of zero duties on Ukrainian metal products. “Even where there is no antidumping duties we have to pay 5% import duties. This makes it harder to work, but still we have a strong distribution trade company in Russia and Belarus. We…
Supervisory board of the Metinvest group has appointed Julia Dankova the financial director. Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)
If the port duties are brought in correspondence with the world practice, Metinvest will be able to increase output at its GOKs. “We have addressed the Ministry of infrastructure and the Cabinet of Ministers on this issue. We hope that Ukrainian port duties will correspond to the world practice, thus enabling us to increase output,…
Metinvest CEO Yuri Ryzhenkov believes in 2016 domestic metal market will grow by 10% YoY. “Last year Ukraine saw the lowest metal consumption results in its newest history. So far the economy is idle: there is no increase in construction, or in machine-building. And these are our main metal-consuming industries”, he added. (Ukrainian metal)
Metinvest has to spend over $300 million to make its mining and processing works correspond to the European standards. “Some pollutions at our companies are already within the European norms, so we can only welcome the implementation of the European environmental standards in Ukraine. But it’s a long way, we have just passed a small…
Ukrzaliznytsia has ordered 25.43 thousand tons of railroad construction materials valued at 626.05 million UAH from Metinvest-SMC. The Ukrainian Railways will buy open sections, encased piles as well as railroad and tramways construction elements of steel. All the products must be supplied this year. The agreement was concluded on June 30. (Ukrainian metal)