Ukraine: Metinvest revenues down in November 2015
In November 2015 Metinvest received a negative EBITDA of $4 million, while in October 2015 the result was a positive $2 million.
In November 2015 Metinvest received a negative EBITDA of $4 million, while in October 2015 the result was a positive $2 million.
Metinvest estimates the value of its assets at $2.5 billion.
Metinvest could lose an important metal market in South Asia – Pakistan. On January 13 the National tariff committee of Pakistan decided to impose preventive duties on cold-rolled steel from Ukraine.
As of January 11, CIS hot-rolled coils cost $245-265 per ton FOB Black Sea, as opposed to $245-260 on December 28, 2015.
Metinvest continues to reregister its companies from Ukraine-uncontrolled territories of Donbass in Mariupol.
Azovstal Iron and Steel Works repairmen have joined Metinvest-PromServis, and that positively affects their salary.
On December 1, Metinvest signed a standstill with the group of its creditors on pre-export financing till February 2016.
In January-September Metinvest revenues decreased by 36% YoY, to $5.39 billion.