Metinvest made $1.2 billion in net profits last year – almost double the 2017 level

Metinvest made $1.2 billion in net profits last year – almost double the 2017 level, the company reports. “Underpinned by favorable steel and iron ore prices and ongoing economic growth in Ukraine…revenues soared by 33% year-on-year,” Metinvest CEO Yuriy Ryzhenkov, writes of the 2018 company results. “In 2018, Metinvest delivered some of its best results in the last four years.” After the report, Ryzhenkov told S&P Global Platts in London that Metinvest’s crude steel output should rise by about 1 million tons this year, to 8.5 million tons.