On September 1, Metinvest created the operational directorship on the basis of its mining and metal divisions. “Thus the group completes the process of creating the vertically integrated structure of the company under the Technological strategy of 2010”, Metinvest reported. The main goal of the transformation is the better cooperation of mining and metal assets,…
In June Metinvest EBITDA reached $119 million, down by 41.3% MoM. According to the company statement, its revenues in June totaled $559 million as opposed to $533 million in May. Metallurgical division of the company showed an upward trend. Its revenues increased from $423 million in May to $455 in June. EBITDA went up from…
In January-June Metinvest decreased output of various types of metal raw materials, except for coke. According to the company statement, coke output totaled 2.19 million tons, up by 19% YoY, that of iron ore concentrate remained on the level of 15.81 million tons, while that of coal concentrate dropped by 4%, to 1.58 million tons.…
In January-June Metinvest produced 4.18 million tons of carbon steel, up by 8% YoY. According to the company statement, Q2 output totaled 2.19 million tons, up by 10% QoQ. (Ukrainian metal)
In May Metinvest group increased its EBITDA by 29.3% MoM, or by 46 million UAH, to $203 million. The group income went up by 6.18% MoM, or by $31 million, to $533 million. In April Metinvest had EBITDA of $157 million, and $91 million in May. (Ukrainian metal)
Metinvest reports on difficulties working on the Customs Union market due to the cancellation of zero duties on Ukrainian metal products. “Even where there is no antidumping duties we have to pay 5% import duties. This makes it harder to work, but still we have a strong distribution trade company in Russia and Belarus. We…
Supervisory board of the Metinvest group has appointed Julia Dankova the financial director. Previously Dankova was the acting financial director. Alexei Kutepov, financial director since August 2013, resigned in winter 2016. (Ukrainian metal)
If the port duties are brought in correspondence with the world practice, Metinvest will be able to increase output at its GOKs. “We have addressed the Ministry of infrastructure and the Cabinet of Ministers on this issue. We hope that Ukrainian port duties will correspond to the world practice, thus enabling us to increase output,…