In case there are delays when passing the Kerch Strait, the Metinvest will reroute its logistics to the Black Sea ports. “Of course, the payment for railroad transportation will result in additional expenses, but Metinvest will save on increased cargo volume”, the company said. On November 26 and 27 two vessels carrying Metinvest cargo to…
Metal companies of Metinvest are operating in usual mode and will not adjust their manufacturing plans. “We don’t see any reason to adjust our short- or mid-term business plans”, the group said. The ships have once again started passing the Kerch Strait. In case there are problems there, the logistics routes will be “switched to…
In spite of the Russian aggression, Ukrainian metal and machine-building companies try to be present on the Russian market and strengthen their ties with traditional clients. This year Metal-Expo-2018 to be hosted in Moscow on November 13-16 will welcome 12 Ukrainian participants, including major and well know in Russia metal companies. Metinvest will traditionally participate…
In August Metinvest decreased its EBITDA by 12.45% YoY, to $204 million. The revenue dropped by 17.65%, to $891 million. The group sold 349 thousand tons of semi-finished products at $164 million: 198 thousand tons of pig iron ($83 million), 108 thousand tons of slabs ($58 million) and 43 thousand tons of square billets ($23…
In January-September Metinvest kept the iron ore concentrate output unchanged YoY, at 20.54 million tons. Pellets manufacture increased by 32%, to 5.754 million tons, while saleable concentrate output dropped by 18%, to 5.671 million tons. In Q3 the manufacture of iron ore concentrate decreased by 7% QoQ, to 6.554 million tons because of the drop…
In January-September Metinvest increased steel output by 3% YoY, to 5.597 million tons. Steel manufacture in Q3 dropped by 8% QoQ, to 1.803 million tons, mostly because of the decrease at Azovstal by 171 thousand tons due to the shut down of converters Nos. 1 and 2 for scheduled repairs, which lasted for 7 and…
Metinvest has joined the Association of Industrial Automation Enterprises of Ukraine. This will provide the company with the additional ways to cooperate in the automated management of manufacturing processes and IT with other participants. The group plans to implement innovations at its enterprises and support the national Industry 4.0 programs and initiatives. The center of…
Metinvest has created a new enterprise – Metinvest Digital LLC. The company will be responsible for all the IT-related tasks for the Metinvest group. It is also planned to create expertise on new digital solutions and improve project starts. Sergey Detyuk has been appointed the CEO of the new company. All the staff of the…
