Metinvest has placed on its Facebook page a video, where it says that it employs 80 thousand people all over the world. In December 2015 Metinvest claimed having employed 94 thousand people. Such a drastic decrease is explained with the loss of control over assets on Ukraine-uncontrolled territory. (Ukrainian metal)
In January-March Metinvest decreased steel output by 4% YoY, to 1.825 million tons. At the same time pig iron manufacture grew by 9%, to 2.156 million tons. Iron ore concentrate production increased by 4%, to 6.924 million tons. Pellets manufacture grew by 48%, to 1.723 million tons. The group has decreased coking coal output by…
In February Metinvest increased the adjusted EBITDA by 29.8% YoY, to $196 million, but dropped by 14% MoM. According to the company statement, its revenue grew by 54.5% YoY, but decreased by 9.4% MoM, to $914 million. In February Metinvest increased metal sales by 47.6% YoY, but decreased by 18.2% MoM, to 1.287 million tons.…
The denial of the Antimonopoly Committee of Ukraine to allow Metinvest B. V. to purchase Dneprovsky By-Product Coke Plant is not final. “Having analyzed the situation we provided the company with preliminary results where we see monopolization. This is not a denial – Metinvest can react to the preliminary results”, the committee chairman Yuri Terentiev…
Metinvest CEO Yuri Ryzhenkov believes it will be really hard to resume operation at Yenakievo Iron and Steel Works after the fire. “Frankly speaking, I am not aware of the situation at the plant. We lost control over it in March last year”, he said. Still, according to him, it is possible to resurrect the…
Metinvest plans this year to increase the loading of its plants situated in the city of Mariupol. “This year our Mariupol plants intend to produce over 9 million tons of pig iron and 8 million tons of steel”, the group CEO Yuri Ryzhenkov said. When the Mariupol Ilyich Iron and Steel Works finishes constructing the…
Metinvest will try to make the European Commission cancel the fixed duty of 60.5 euro per ton for the delivery of hot-rolled coils to the EU. According to Metinvest CEO Yuri Ryzhenkov, Mariupol Ilyich Iron and Steel Works, the capacity of which is 1-1.5 million tons of hot-rolled coils per year, used to supply some…
Metinvest CEO Yuri Ryzhenkov has noted the considerable improvement of the railroad connection with Mariupol. “In March there were some 20 cargo trains per day, which was good for our operation”, he said. “Taking into account reconstruction of our plants and the necessity to load the Mariupol Trade Seaport, we need some 26-28 cargo trains…