Moody’s has increased the ratings of Ferrexpo plc, controlling Poltava and Yeristovo Mining and Processing Works, and Metinvest from Caa2 to Caa1. The PDR has been increased from Caa2-PD to Caa1-PD. At the same time Metinvest rating on the national scale (NSR) has been increased from B1.ua to Baa3.ua, while of Ferrexpo bonds from Caa2…
In June Metinvest increased metal sales by 10.5% YoY and by 5.5% MoM, to 1.113 million tons. Earnings grew by 35.7% YoY and by 0.3% MoM, to $608 million. Mining sales decreased by 12.6% YoY and by 23.9% MoM, to 1.294 million tons, valued at $112 million, up by 0.9% YoY, but down by 14.5%…
On May 18 – August 18 Metinvest has paid $14.136 million of interest income on new eurobonds with the maturity date of December 31, 2021. The sum consists of $8.445 million of guaranteed interest income at the rate of 2.793%, as well as a part of 6.7595% interest income, paid only if the company has…
Metinvest mining and processing works have asked the acting chairman of Ukrzaliznytsia Yevgeny Kravtsov to help provide enough railroad wagons. While the enterprises need 4141 wagons, they received only 695 (or 16.7%). In particular InGOK needed 378 wagons from Uzhgorod to Slovakia, but received none, from Chop to the Czech Republic – 162 and 10…
In January-June Metinvest produced 3.92 million tons of steel, 4.01 million tons of pig iron and 2.13 million tons of coke, all down by 6%, 6% and 3% YoY respectively. Q2 steel output drop was 10% QoQ, to 1.85 million tons. At the same time pig iron output increased by 2%, to 2.03 million tons,…
In May Metinvest increased its EBITDA by 13.24% MoM, to $154 million, having increased its earnings by 22.22%, to $737 million. According to the group report, in May it sold 262 thousand tons of semi-finished products valued at $109 million, and 425 thousand tons of other metal valued at $719 million. As well as 74…
In Q1 Metinvest doubled its investments into capital construction YoY, to $103 million. The mining segment accounted for 71% of investments (46% in Q1 2016), while metal segment –28% (52%). The main investments at Mariupol Ilyich Iron and Steel Works include the construction of the continuous casting machine No. 4 and the reconstruction of the…
In April Metinvest EBITDA increased by 41.67% MoM, or by $40 million, to $136 million, while its net income dropped by 9.1%, or by $60 million, to $603 million. According to the company statement, in April it sold 183 thousand tons of semi-finished products valued at $74 million. The group also sold 597 thousand tons…