S&P Global Ratings has assigned its “B-” long-term corporate credit rating to Metinvest B.V., the holding company of a group of mostly Ukraine-based vertically integrated steel and mining assets, the outlook is stable, reads a report on the rating agency’s website. “Metinvest, with operations in Ukraine and abroad, is a midsize producer with steel capacity…
Metinvest has paid $6.509 million of interest on eurobonds with maturity in 2021. According to the company statement, $3.69 million were spent on paying loans on pre-export financing. After the payment the total debt of the group on eurobonds is $1.187 billion. (Ukrainian metal)
In January-September Metinvest B. V. (the Netherlands) sold 3.363 million tons of metal valued at $1.843 billion on the European market as opposed to 3.541 million tons at $1.447 billion in 9 months of 2016. According to preliminary results for January-September, in Ukraine the group sold 2.019 million tons of metal at $1.214 billion against…
Metinvest consolidated revenue in January-September increased by 36% YoY, to $6.222 billion. “This has to do mostly with the growth of metal products and iron ore prices”, the group said in a statement. The increase of demand resulted in the growth of flat rolled metal sales by 433 thousand tons, slabs by 121 thousand tons,…
In January-September Metinvest EBITDA grew by 39% YoY, to $1.373 billion mostly thanks to the mining segment share increase by $653 million. Metal segment EBITDA dropped by $273 million. “The increase of the consolidated EBITDA mostly has to do with the sales prices growth on the background of sales to such strategic markets as Europe,…
In January-September Metinvest increased capital investments by 55% YoY, to $308 million. The mining segment accounted for 55% of investments as opposed to 48% in January-September 2016, while metal segment for 43% (51%). Investments in the metal segment went to Mariupol Ilyich Iron and Steel Works and Azovstal. While mining investments were transferred to Severniy…
Metinvest is pondering the construction of the complex to manufacture rolled metal with polymer coating. According to the marketing director Roman Kurashev, the group could construct two lines with the capacity of 120-150 thousand tons each. Moreover, the group is also discussing the creation of the galvanized line with the capacity of 300 thousand tons.…
Metinvest has become the owner of AG Stal LLC, the manufacturer of welded pipes. At present the company operates as a pipe-welding shop of Mariupol Ilyich Iron and Steel Works. All the customers who want to buy AG Stal products are switched to Metinvest. Metinvest acquired the company last year. The company initiated its own…
