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…
Metinvest mining and metallurgical group on April 24, paid bonuses for supporting Eurobond restructuring, the group said on the website of the Irish Stock Exchange (ISE). The press service of Metinvest reported that the amount of payment was about $9 million. In late May 2016, Metinvest and the creditors’ committee agreed Eurobond restructuring and PXF…
Metinvest notes the importance of Dneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass, resuming operation, as it is the key consumer of raw materials on the Ukraine-controlled territory. “The company is very important for us. But I believe it is also important as an asset for its owners. That’s probably…
Metinvest, a Ukrainian steel and mining group, began diversifying raw material supplies in 2014 considering the risks for assets in uncontrolled areas of Donbas. “We considered various plans of action in case given risks were realized. We’ve been working on this since 2014. Therefore, even then we began to diversify our supplies of raw materials…