In March Metinvest EBITDA was on the level of $91 million. According to the company statement, it has increased its revenues by 10.21% MoM, or by $43 million, to $464 million. In February Metinvest EBITDA totaled $42 million. (Ukrainian metal)
In 2015 three Ukrainian companies entered the list of world’s largest metal companies. The first place, as in 2014 held ArcelorMittal, owner of ArcelorMittal Kriviy Rih. Last year the corporation produced almost 100 million tons of steel. Evraz Group dropped from 22 to 25 with 14.35 million tons of steel. The group owns Evraz Dneprovsky…
Metinvest B.V. has announced that a non-binding heads of terms (heads of terms) for the restructuring of its notes and PXF facilities has been agreed upon. Among other terms, the heads of terms include: an extension of Metinvest’s debt maturities by up to 5.5 years until the end of 2021, including 2.5 years of grace…
In 2015 Metinvest received $1 billion of net losses, while in 2014 it got $159 million of net profits. According to the company statement, the negative financial results are connected with the drop in revenues, depreciation of trade and other accounts receivable, as well as the decrease of profits due to exchange rate differences. “These…
In 2015 Metinvest decreased investments by 54% YoY, to $285 million. “The holding carried on with its investment projects in accordance with the technological strategy”, said the company in its statement. Metal and mining divisions received 48% of investments each. Due to the conflict in the region priorities moved to the supporting projects and those…
In January-March Metinvest produced 1124 thousand tons of coke, up by 0.98% QoQ, or by 11 thousand tons. This was mostly due to the increase in Avdiivka Coke and Chemical Works, Zaporozhye By-Product Coke Plant and Azovstal coke output by 13 thousand, 17 thousand and 17 thousand tons respectively. This has covered the drop at…
Metinvest Group has decided to change the ownership type of its Azovstal, Mariupol Ilyich Iron and Steel Works, Yenakievo Iron and Steel Works, Khartsyzsk Pipe Works, Avdiidka Coke and Chemical Works, and Central Mining and Processing Works from public to private joint-stock companies. “All the companies have held shareholders meetings and decided on changing the…
The Commercial Court of Kiev stated that the Industrial Union of Donbass companies debt to Metinvest Holding was 8.46 billion UAH, while Metinvest claimed 24.51 billion UAH. The court has decreased Metinvest claims in all three suits: two to Dneprovsky Iron and Steel Works named after Dzerzhinsky and one to Alchevsk Iron and Steel Works.…
