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Concorde Capital’s Dmytro Khoroshun writes:

Tuesday, July 27, 2021

“Metinvest’s monthly EBITDA will likely amount to at least $400-500 mln in 2Q21 and in 3Q21 because of strong steel and iron ore prices. Steel prices will likely decrease by the year’s end, but production restrictions and credit easing in China might limit their drop.

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With EU pressure growing fast to block imports of ‘dirty steel’, Interpipe is the first in Ukraine to slash CO2 emissions with a built from scratch electric arc steelmaking plant.

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Metinvest, Ukraine’s largest iron ore, coke and steel producer, will pay $339 million for Dniprovsky Integrated Iron & Steel Works,

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