In Q3 Metinvest produced 1.276 million tons of coke, up by 11% YoY. The increase has to do with the growth of Avdiivka Coke and Chemical Works output by 155 thousand tons, which has compensated for the decrease at Azovstal and Zaporozhkoks by 19 and by 14 thousand tons respectively. In 9 months coke output…
In Q3 Metinvest produced 1.347 million tons of rolled metal, down by 4% QoQ. In particular, flat rolled metal output dropped by 72 thousand tons, to 1.12 million tons. Long rolled metal manufacture increased by 14 thousand tons, to 175 thousand tons. Rails production increased slightly to 8 thousand tons. In 9 months rolled metal…
In Q3 Metinvest produced 2.026 million tons of pig iron, on the level of July-September 2016. The drop of output at Azovstal (by 77 thousand tons) was compensated for by the increase at Mariupol Ilyich Iron and Steel Works (by 78 thousand tons). In particular, Azovstal produced 868 thousand tons of pig iron, down by…
In Q3 Metinvest produced 1.802 million tons of steel, down by 3% YoY. In January-September the group produced 5.725 million tons of steel, down by 10% YoY. In particular, Azovstal in Q3 decreased steel output by 8% QoQ, to 1 million tons, while Mariupol Ilyich Iron and Steel Works was able to increase output by…
Metinvest has revealed the reports on the operation of Yenakievo Iron and Steel Works (EMZ), Komsomolskoye Mine Group and Donetskkoks, situated in the pro-Russia militants controlled territory of Donetsk region. In particular, EMZ received net profit of 360.483 million UAH in 2016 as opposed to net loss of 544.546 million UAH in 2015. Komsomolskoye Mine…
Metinvest B.V. has started reselling a part of metal manufactured by Dneprovsky Iron and Steel Combine, which it receives as payment for raw materials, supplied previously and being supplied still. According to Maxim Zavgorodniy, the executive director of ISD, the owner of DMK, the works supplies only a part of its products to clear debts.…
In August Metinvest EBITDA decreased by 1.88% MoM, or by $3 million, to $157 million. At the same time revenue grew by 1.78%, or by $13 million, to $745 million. In August the group sold 269 thousand tons of semi-finished products for $104 million, including 182 thousand tons of pig iron billets for $65 million,…
Metinvest is evaluating the possibility of supplying hot-rolled metal to alternative markets because of the EU duty. “But even now we see that we will not be able to compensate for the whole volume of the European market. So a decrease in output is possible”, the company said. Metinvest also hopes that the EU will…
