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…
Ukrainian Journal reported that Kiev based Metinvest Holding Ltd and Dnipropetrovsk based Interpipe Ukraine Ltd have been declared the winners of a tender announced by Ukrtransgaz for the supply of steel pipes worth UAH 290.094 million. (Ukrainian Journal) Much more about metal of Ukraine, Russia and other CIS-countries at https://metalukraine.com/
Ukrainian analysts said a likely combination between the Mariupol Ilyich Iron and Steel Works and the Metinvest conglomerate would create one of the world’s top 20 steel firms.Mr. Andrei Gerus, head of consulting at Concorde Capital, says Metinvest is currently the world’s 30th biggest steel producer. It is also the world’s seventh biggest iron ore…
It is reported that in April Ukrainian mining and steel producing company Metinvest Holding doubled on YoY basis its iron ore materials prices for domestic consumers.Mr. Alexander Ryzhenkov, chairman of the board of the Ukrainian steelmaker Donetskstal, said that starting from April it had receives pellets from Metinvest iron ore subsidiary Severniy GOK at the…
Metinvest wholesale channel, Metinvest-Ukraine Company, in 2010 will perform as the strategic partner of Azovmash OJSC in terms of rolled metal products supplies. This will increase monthly average shipment volumes to Azovmash by 7 times from 2,000 tons per month in 2008 to 2009 to 14,000 tons per month in 2010.82% of the total sales…
On January 4th 2010, the Canada Border Services Agency made a final determination of dumping pursuant to paragraph 41(1)(a) of the Special Import Measures Act with respect to hot-rolled carbon steel plate and high-strength low alloy steel plate not further manufactured than hot-rolled, heat treated or not, in cut lengths in widths from 24 inches…
Metinvest has developed a functional logistics scheme and commenced capsize deliveries of iron ore for exports. The first vessel with a freight carrying capacity of 195,000 tons has departed to China. The second bulk carrier of the similar class is being stowed. This is the first time when the raw materials produced by Metinvest Iron…
