Ukraine: Zaporizhstal and UGOK profits up in 2016
In 2016 Zaporizhstal increased profits by 89.6% YoY, to 5.2 billion UAH ($201 million). According to Metinvest statement, Zaporizhstal earnings dropped by 9.7%, to $1.321 billion, while its EBITDA increased by 7.8%, to $165 million. Metinvest owns 49.9% of Zaporizhstal shares, 24% of Zaporozhye Iron Ore Complex, 42.8% in Zaporozhkoks and 49.2% in Zaporozhogneupor. Yuzhniy…