Metinvest has stopped supplying hot-rolled coils to EU after the introduction of the fixed duty of 60.5 euro per ton. Still, according to the company marketing director Roman Kurashev, Metinvest has not completely abandoned the market. “We sell coils there from our European works”, he said. He noted, that Metinvest reoriented its exports from EU…
The new Metinvest strategy program presupposes increasing steel output at the group’s assets. According to the group marketing director Roman Kurashev, this concerns Mariupol Ilyich Iron and Steel Works and Azovstal, the loading of which at present is around 70-80%. “Unfortunately, right now we can’t give them more, as we cannot provide for sufficient deliveries…
In 2018 Metinvest SMC will start constructing a large distribution center in Dnepr with the capacity of 40 thousand tons of metal. “This will allow us to concentrate on that site a number of items, which are periodically in demand”, the company CEO Dmitry Lippa noted. According to him, thus Metinvest will be able to…
Metinvest will develop coated rolled metal manufacture together with Unisteel Ukraine LLC in the city of Kriviy Rih. According to Metinvest-SMC marketing director Roman Kurashev, the plant’s capacities are around 100 thousand tons of galvanized sheets per year. “Unisteel will be commissioned this year. In a couple of days it will start operating. The company…
Metinvest analysts believe that in 2018 the average price of hot-rolled coils will be $517 per ton as opposed to $503 in 2017. According to Metinvest-SMC CEO Dmitry Lippa, steel billets prices will increase to $459 per ton from $431. Iron ore raw materials will cost $71 per ton (in 2017 – $65). At the…
Metinvest Mining and Metallurgical Group intends on December 18 to pay $6.509 million non-guaranteed interest income on eurobonds for the period from August 18 to September 18 to the holders of eurobonds with maturity of up to December 31, 2021. According to a group report on the website of the Irish Stock Exchange, the interest…
Metinvest has implemented a project to increase the permissible size of ships calling at the Italian Porto Nagaro. The first vessel of 15,000 deadweight tons with metal products from Mariupol arrived at the port on November 29. Metinvest Group in cooperation with its Italian partner Fratelli Cosulich Company has developed a project to increase the…
In September Metinvest increased EBITDA by 69.5% YoY and by 38.2% MoM, to $217 million. According to the group statement, revenue grew by 47.3% YoY and by 11.7% MoM, to $832 million. In September Metinvest sold 1.286 million tons of metal, up by 18% YoY and by 8.9% MoM, valued at $701 million. Mining sales…
