Ukraine: Metinvest debts down in H1 2015
The overall debts of Metinvest in the first half-year of 2015 decreased by $162 million.
The overall debts of Metinvest in the first half-year of 2015 decreased by $162 million.
In July-September Metinvest produced 1141 thousand tons of coke, up by 19.47% QoQ, or by 186 thousand tons.
System Capital Management and Smart-Holding have bought 5% of Metinvest B.V. (the Netherlands) shares.
In July-September Metinvest produced 2082 thousand tons of steel, down by 5.45% QoQ, or by 120 thousand tons.
In January-June Metinvest B.V. (the Netherlands), parent company of the international vertically integrated mining and metallurgical group Metinvest, received EBITDA of $620 million, down by 63% YoY.
Metinvest, owner of the number of Ukrainian works, including Zaporizhstal, threatens to stop them.
Metinvest negotiations with its creditors about the $3 billion debt restructuring are slow and ineffective, say the banks.
Mariupol Ilyich and Azovstal Iron and Steel Works have switched to the policy of economy.