Metinvest Group won the Corporate Social Responsibility award at Platts Global Metals Awards 2017. This victory is a proof of the company’s commitment to principles of corporate social responsibility and world’s best business practices in HSE, and employee, business partner and community relations. Among the winners of the Corporate Social Responsibility award are also Thyssenkrupp…
The terrorist organization Donetsk People’s Republic, created and supported by Russia, is engaged in preparing Metinvest and Donetskstal companies for operation. Control over the companies on the territory of the Antiterrorist operation was lost on March 15. According to a source, the management of the companies has been given to Sergey Kurchenko, an ally of…
Metinvest mining and metal group has paid $5.202 million of interest on new $1.197 billion notes due on December 31, 2021, the group has reported on the website of the Irish Stock Exchange (ISE). In addition, Metinvest capitalized $12.253 million of interest over the period, as the group did not have extra free funds exceeding…
In January-March Metinvest decreased iron ore concentrate output by 16% YoY, to 6.68 million tons, coal concentrate – by 1%, to 792 thousand tons. At the same time, if compared with Q4 2016, iron ore concentrate remained flat, while coal concentrate increased by 8%. (Ukrainian metal)
In February Metinvest increased EBITDA 3.6-fold YoY, to $151 million. According to the company statement, the result is down by 2.6% MoM. The group revenues in February increased by 40.6% YoY, to $592 million, but decreased by 1% MoM. (Ukrainian metal)
In January-March Metinvest increased steel output by 1% QoQ, to 2.07 million tons. According to the group statement, Azovstal increased steel output by 139 thousand tons and Mariupol Ilyich Iron and Steel Works – by 96 thousand tons, which compensated for the drop of production at Yenakievo Iron and Steel Works by 223 thousand tons.…
In January-March Metinvest increased rolled metal output by 6% YoY, to 1.586 thousand tons. According to the group statement, flat rolled metal output increased by 151 thousand tons, mostly thanks to Azovstal increase – 170 thousand tons, and Mariupol Ilyich – 8 thousand tons, as well as coil output at European works – 17 thousand…
Because of the shut down of several enterprises Metinvest had to reorient a considerable amount of its iron ore raw materials to China. “Because of the blockade and the loss of control over 4 major metal enterprises, some companies had to be shut down. So we had to ship more raw materials to China. We…
