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…
The losses of Metinvest in H1 amount to $329 million, or 8% of the consolidated revenue. According to the group statement, losses from the seizure of assets in the temporarily occupied regions of Donetsk and Lugansk regions totaled $293 million, with $228 million being plants and machinery and $82 million – stocks. At the same…
In January-June Metinvest B. V. sold 38% of metal products in Europe, 21% in Ukraine, 20% in the Near East and North Africa and 11% in CIS. Metal revenue reached $1.213 billion, or 38% of the total revenue, with earnings in Europe up by 27% YoY. Experts believe that because of the new European antidumping…
In January-June Metinvest increased EBITDA by 45% YoY, to $839 million. According to the group statement, earnings increased by 36%, to $3.913 billion, but net profit fell by 20%, to $72 million. The EBITDA growth was the result of the increase of sales prices ($1.192 billion), EBITDA share increase in joint companies ($69 million), as…