Ukraine: Metinvest to reduce administration
In 2016 Metinvest plans to dismiss up to 30% of its administration staff due to the uncertain steel market situation and the metal prices drop, as well as the demand decrease.
Ukraine: Metinvest pig iron output down in November 2015
In November 2015 Metinvest produced 136 thousand tons of pig iron in ingots, down by 16.56%, or by 27 thousand tons MoM.
Ukraine: Metinvest revenues down in November 2015
In November 2015 Metinvest received a negative EBITDA of $4 million, while in October 2015 the result was a positive $2 million.
Ukraine: Metinvest assets valued at $2.5 billion
Metinvest estimates the value of its assets at $2.5 billion.
Ukraine: Metinvest loosing Pakistan market
Metinvest could lose an important metal market in South Asia – Pakistan. On January 13 the National tariff committee of Pakistan decided to impose preventive duties on cold-rolled steel from Ukraine.
Ukraine: ISD and Metinvest holding sheet prices for Turkey
As of January 11, CIS hot-rolled coils cost $245-265 per ton FOB Black Sea, as opposed to $245-260 on December 28, 2015.
Ukraine: Metinvest goes on reregistering its companies in Mariupol
Metinvest continues to reregister its companies from Ukraine-uncontrolled territories of Donbass in Mariupol.
Ukraine: Metinvest-PromServis welcomes new employees
Azovstal Iron and Steel Works repairmen have joined Metinvest-PromServis, and that positively affects their salary.