Metinvest has transferred its shares of Zaporizhstal from its Cyprus companies – Brandfeld Finance Ltd. and Lasartico Holdings Ltd – to Metinvest B. V. (the Netherlands). The share of Brandfeld Finance Ltd. dropped from 23.92% to zero, and that of Lasartico Holdings Ltd. from 26.081% to zero. The share of Metinvest B. V. in Zaporizhstal…
Metinvest has decided to publish information on the operation of its Mariupol metal plants modernized mills. The first will be the data on average daily dust concentration from Mariupol Ilyich Iron and Steel Works sintering machines Nos. 7-9. This information will be daily provided to be posted on the site of the Donetsk Regional State…
Metinvest has issued 10-year eurobonds for $500 million at 7.95% and 5-year eurobonds for EUR 300 million at 5.75%. The combined demand for the two tranches exceeded $1.1 billion. Metinvest held meetings with investors in US, UK and continental Europe on September 18-27. (Ukrainian metal)
Metinvest B.V. has purchased 49.37% of Dneprovsky By-Product Coke Plant shares for $11 million. The official purchase took place in August. The coke output capacity of the plant is some 700 thousand tons per year. In January Metinvest bought 23.71% of Yzhkoks for $30 million. Dneprovsky By-Product Coke Plant received 373.62 thousand UAH of net…
In January-June Metinvest decreased net profit by 39% YoY, to $408 million. The company revenue dropped by 6%, to $5.818 billion, and EBITDA – by 33%, to $890 million. At the same time the total and net debts remained unchanged – $2.753 billion and $2.474 billion respectively. (Ukrainian metal)
Ukrzaliznytsia (Ukrainian Railways) has concluded 30 agreements with Metinvest-SMC LLC on the purchases of steel valued at 102.55 million UAH. In particular the company will supply carbon steel hot-rolled plates with the thickness of 3 to 20 mm at 20,760-21,137 UAH. Most of the agreements have the same price of 3.86 million UAH. Some are…
Early on September 5 fire break out on the territory of Metinvest – Kriviy Rih repair-mechanical plant. According to the emergency service, a transformer in the foundry shop took fire. The fire has damaged the electric cable. The size of the fire was 3 meters. There were no casualties. According to the Metinvest press-service, the…
Under the program to develop new products manufacture Metinvest in 2019 has focused on galvanized rolled metal. “At Unisteel we have mastered the thickness of 2 mm. We have also started shipping trial batches of S350GD steel with the thickness of over 1.6 mm, including with the zinc coating of 275 g”, the group marketing…