In January-August Metinvest exported 155 thousand tons of galvanized coils, up by 40% YoY. “The main growth has been witnessed in the direction of Europe, CIS (without Russia), Near East and North Africa”, the group marketing director Roman Kurashev said. Metinvest intends to retain its regular presence on European market and will work on attracting…
In the next three years Metinvest is going to buy 50 BelAZ quarry dump trucks with the lifting capacity of 30-50 tons and over 130 tons. According to the group statement, Metinvest and BelAZ have signed an agreement for long-term cooperation. Within 3 years BelAZ will be supplying Metinvest with trucks and spare parts. At…
Metinvest, a mining and metallurgical group, has repaid $56.7 million on new eurobonds with maturity on December 31, 2021, the group said on the website of the Irish Stock Exchange. According to the report, this amount consists of $26.445 million interest income for the period from August 18 to November 18, $20.138 million of the…
The state enterprise Ukrzaliznytsia has ordered Metinvest-SMC LLC the delivery of rails valued at 682.27 million UAH. This year the company has to supply 26 thousand tons of R-65 rails of K76F steel with the length of 25 m at the price of 26240 UAH per ton. In June Metinvest sold such rails 7% cheaper…
Metinvest Group decided to purchase 1,800 open wagons in 2017 and 2018. The company will almost double its railcar fleet up to 4,000 cars. The decision is driven by the need to curtail a negative effect on the group from the shortage of rolling stock in Ukraine, which resulted, inter alia, from lower turnover of…
Metinvest and Lemtrans have signed a 3-year cooperation agreement. Within the agreement Lemtrans will not only provide open cars to Metinvest, but will also manage all the open cars of the holding. The new agreement takes into account the experience of the previous 3-year contract. “We are taking steps to increase our own open cars…
Metinvest-Resource LLC and Interpipe NTZ have won in two auctions on metal scrap sales held by Ukrzaliznytsia. In particular, Metinvest-Resource won the auction on the sale of 17.2 thousand tons of bulk scrap, having offered 109.871 million UAH, or 6387 UAH per ton. The starting price was 102.684 million UAH, or 5970 UAH per ton.…
The Commercial Court of Kiev has ruled that Dneprovsky Iron and Steel Combine has to pay 2.469 billion UAH of fine and 233 million UAH of 3% interest to Metinvest under the contract on iron ore raw materials delivery dated December 29, 2010. Together with the debts of Alchevsk Iron and Steel Works, the debt…
