Metinvest Group’s metallurgical mills began to manufacture 19 products last year, bringing the total to 97 new items in 2010 to 2014. Revenue from the new products in the last four years amounted to $38.7 million.
Metinvest SMC, Metinvest Group’s wholesale and retail sales channel in Ukraine, opened a new warehouse to hold a buffer stock of pipe products and a retail metal center.
Metinvest has set up a trade representative in Spain – Metinvest Iberica. The company will be responsible for strengthening cooperation with Metinvest rolled steel consumers in Spain and Portugal and for services.
In 2014 Metinvest group produced 34880 thousand tons of iron ore concentrate, down by 6%, or by 2038 thousand tons, YoY.
In 2014 Ukraine’s largest metal company Metinvest produced 4.79 million tons of coke, down by 22% YoY.
Metinvest, the largest Ukrainian mining and metallurgical holding, in 2014 cut steel production by 26% in comparison with 2013, to 9.205 million tons.
Metinvest Group of Companies forecasts the decrease of its output in 2014 by 10% from the planned volumes.
According to Metinvest Group of Companies, in 2015 Ukrainian rolled metal market would shrink by 15%.