Metinvest Holding LLC said it increased production by 32% last year after merging with the Mariupol Ilyich Iron and Steel Works.Its steel output jumped to 9.266 million tons in 2010 as compared with 7 million tons in 2009.Metinvest and Ilyich announced in July 2010 they planned to create a joint venture with annual output capacity…
For 10 months of 2010 Metinvest-Ukraine, a wholesale distribution channel of Metinvest Steel and Rolled products division sales service, increased its shipments of steel products to CIS countries by 90%, up to 135,000 tons compared with 71,000 tons in the previous year.In 2010 Metinvest-Ukraine managed to have substantially increased the sales volume, shipments to Central…
Ministry of Industrial Policy of Ukraine reported that Metinvest Group planned to supply 27,000 tons of slabs, produced by Azovstal Iron and Steel Works, to Abu Zabel Company of the Ministry of the Defense Industry of Egypt.The contract between Metinvest Group and Abu Zabel was signed on November 25th after the meeting between the Minister…
According to Mr. Amir Aisautov, head of mining and metallurgical development at the parent company System Capital Management, Metinvest will more than double steel output to 15-16 million tons next year after it has merged with the Mariupol Ilyich Iron and Steel Works.He said that Metinvest aims to be the national mining and metals champion…
Metinvest announces production performance of steel and rolled products division in October 2010. Product (site) October, t September, t Change, % Pig iron (Azovstal, Yenakievo Iron and Steel Works) 561,570 603,560 -7 Crude steel (Azovstal, Yenakievo Iron and Steel Works) 647,370 706,030 -8.3 Semis and finished (Yenakievo Iron and Steel Works, Azovstal) 639,480 657,280 -2.7…
Production results for August. Production August, th. t July, th. t Change, % Pig iron (Azovstal, Yenakievo Iron and Steel Works) 584.3 574.6 1.7 Crude steel (Azovstal, Yenakievo Iron and Steel Works) 655.6 648.4 1.1 Semis and finished (Yenakievo Iron and Steel Works) 593.6 616.5 -3.7 Large diameter pipes (Khartsyzsk Pipe Works) 25.3 14.8 70.9…
The Ukrainian mining and steel producing company Metinvest Holding has announced in its annual report that in 2009, despite testing conditions in the market, it delivered a net profit of $334 million, down from $2.803 billion in 2008.In 2009, Metinvest generated consolidated revenues of $6.026 billion, down by 54.5% YoY mainly as a result of…
Metinvest BV (Netherlands) has obtained a formal approval of the Antimonopoly Committee of Ukraine for acquisition of newly issued shares of the Ilyich Steel, PSC and Mariupol Ilyich Iron and Steel Works, PJSC thereby gaining more than 50% voting rights in managerial bodies of aforementioned companies. This is another important step Metinvest BV has taken towards…