Metinvest intends to develop its sales network in Europe to be closer to European consumers. According to Metinvest Western Europe sales director Roberto Re, the group has four works in Europe: two in Italy, one in Bulgaria and one in UK, as well as a network of 13 offices. “Our companies in EU always stock…
Each year Metinvest companies pay over 300 million UAH of environment tax to the budgets of all levels. Such a tax could become a resource for ecological improvement. And the local companies should receive the most of these payments and have the right to spend them on modernization. “And what if the local authorities decide…
In January-June Metinvest B.V. received $90 million of net profits as opposed to $166 million of losses in H1 2015. The company revenues dropped by 21% YoY, to $2.88 billion, while EBITDA decreased by 7%, to $580 million. The total debt increased by 1%, to $2.98 billion. According to the group CEO Yuri Ryzhenkov, the…
Metinvest doesn’t see steel prices growing considerably in 2017. “We believe everything will be on this year’s level”, Yuri Ryzhenkov, Metinest CEO, reported. According to him, results of the antidumping investigations by EU will be important for Ukrainian producers. “From the point of view of Ukrainian manufacturers, everything depends on antidumping investigations. If they end…
Metinvest Group approves of the steps taken by the government to support the industry, but at the same time calls for strategic decision making in settling transparent and understandable rules on the market, including scrap market. According to the group CEO Yuri Ryzhenkov, the decrees on cancellation of 5% import duty on scrap and the…
Starting with October 1, Metinvest has increased salary at its companies, even those in the Antiterrorist operation zone, on average by 5%. This is the second increase of wages this year. “All in all, this year the salary has increased by 15%. The most prominent employees will have their wages increased by 30%”, said the…
In July Metinvest increased EBITDA by 23.5% MoM, to $147 million. Thus, for 6 consecutive months Metivest has been gaining positive EBITDA. From November 2015 till January 2016 its EBITDA was negative. The group’s revenues in July totaled $568 million, as opposed to $559 million in June, $533 million in May, $502 million in April,…
For metal industry to start growing it needs a clear tariff policy, no discrimination of Ukrainian products on European market and access to loans, according to Metinvest CEO Yuri Ryzhenkov. He said mining-metallurgical industry was one of the main bases of Ukrainian economy. “It gives work to adjacent industries. To transport, energy, and machine-building”, he…
