Following the results of the first half-year of 2016, 11 members of the management team of Metinvest received $6 million. They are: Yuri Ryzhenkov, CEO, Yuliya Dankova, financial director, Alexander Pogozhev, metallurgical division director and acting director of mining division, Oleg Tokar, industrial safety and ecology director, Svetlana Romanova, legal issues director, Dmitry Nikolayenko, sales…
In 2017 Metinvest Group is going to invest UAH 7.4 billion in Ingulets, Central and Severniy Mining and Processing Works, up 4 times YoY. By investing in GOKs the group demonstrates its commitment to ramp up production, improve product quality, cut costs, and create a comfortable working environment for its employees. Updated production equipment, overhauled…
The revenues of Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated steel and mining group, in November 2016 increased by 2.6% MoM, to $584 million. According to the company’s preliminary unaudited consolidated financial statements in accordance with IFRS, EBITDA in November 2016 amounted to $112 million, which was slightly below this…
Metinvest Group’s iron and steel works launched production of 49 new products last year. The rolled plate segment accounts for most of new 18 product items, and the rolled coil segment for 16 products. Furthermore, production of 15 new sizes of rolled long products and sections came on line in 2016. Metinvest’s enterprises produced new…
Metinvest mining and steel group has appealed to the holders of its eurobonds and creditor banks, providing pre-export financing, with a proposal to convert all of the obligations into a single issue of eurobonds. The statement has been posted on the website of the Irish Stock Exchange (ISE). The company, in particular, proposes to combine…
Metinvest has started cooperation with Unisteel that has been idle for 4 years. The company will produce flat galvanized rolled metal to decrease the import share on the Ukrainian market. Soon Metinvest will start selling rolled metal produced at Unisteel. “Mariupol Ilyich has sent its first thousand tons of semi-finished rolled products to Unisteel”, Metinvest-SMC…
Metinvest started supplying galvanized rolled metal to Poland. “We used to supply these products to CIS and to the local market, but we have started to reorient on European customers”, Metinvest-SMC CEO Dmitry Lippa said. Galvanized rolled metal is supplied to EU from Mariupol Ilyich Iron and Steel Works. (Ukrainian metal)
In 2017 Metinvest expects the steel consumption to slow down to 7% after a 26% jump in 2016. Next year the market will total 4.415 million tons against 4.122 million tons in 2016 and 3.269 million tons in 2015. Bars consumption will grow by 4% YoY, to 1.562 million tons, of shapes – by 17%,…
