Metinvest increased production by launching 54 new products. In 2021, the Metinvest Group’s metallurgical enterprises began producing 54 new products, including the result of a joint venture with Zaporizhstal, which has resulted in the release of seven ne... #MetallurgicalProduction #Metinvest #MetinvestUkraine #UkraineMetallurgicalProduction
Metinvest has set up a company to manage Ukrainian coal assets. Metinvest Pokrovskugol will be managing the operational and administrative changes at the Pokrovsky Coal Group (PUG). It is specified that the new company will coordinate all divisions of coal product... #Metinvest #MetinvestNewCompany #MetinvestUkraine
Metinvest’s credit rating is higher than that of Ukraine. The international rating agency S&P Global Ratings has raised Metinvest’s long-term credit rating from “B” to “B +”, which is one step higher than Ukraine’s sov... #Metinvest #MetinvestRating #MetinvestUkraine
Metinvest to join consortium to research steelmaking dust product recovery. The company and a leading Austrian research center in metallurgy K1-MET will participate in an international research project in the field of sustainability and circular economy for processing metallu... #Metinvest #MetinvestUkraine
Metinvest enterprises will allocate UAH 26.7 billion for dividend payments. PrJSC Mariupol-based Illich Iron and Steel Works (Donetsk region) will pay UAH 11.004 bln for the payment of dividends from retained earnings, Azovstal – UAH 7.718 billion, PrJSC Dniprovsky Coke and C... #MetinvestDividends #Metinvestpaysdividends #MetinvestUkraine
Metinvest sees record semiannual profitability. Metinvest has published its 1H21 financial results, reporting net sales of $8.5bn (+54% h-o-h, +70% y-o-y), with metallurgical segment revenues up 50% h-o-h and 65% y-o-y to $6.4bn and mining segment ... #metinvestprofitability #Metinvestprofits #MetinvestUkraine
Concorde Capital’s Dmytro Khoroshun writes: “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 produc... #MetinvestUkraine #SteelandOrefromUkraine #SteelPricesforecast
Prices for ore and metal products have peaked, Yury Ryzhenkov, general director of Metinvest, Ukraine’s largest integrated metals company, told reporters yesterday at a press conference marking the company’s 15th anniversary. “Prices peaked at the... #ApartmentPriceswillRise #MetalfromUkraine #MetinvestUkraine
A second stage will increase capacity by one third, to 1.6 million tons. Metinvest says: “The second stage of the project includes the construction of a new annealing furnace department, a skin pass mill and a roll slitting unit, as well as a new line for polymer coating o... #MetinvestColdRollingShop #MetinvestUkraine
The new mill would be a vote of confidence in Mariupol, a city located 30 km west of the front lines and a step toward Metinvest’s target: ‘carbon neutral’ by 2050. “This is the direction that we are going,” he said. “We have an idea to build a new plant based on hydrogen metallurgy.” Challenging Ukraine’s metallurgy to modernize, he said: “Today, we see an oppor... #CarbonNeutralby2050 #MetinvestUkraine #MetinvestwantstobeCarbonFree
Metinvest, Ukraine’s largest private company saw its EBITDA increase almost four times in the first quarter yoy, to nearly $1.5 billion . Rising high iron and steel prices, saw revenues in the vertically integrated steel company increase by 43% yoy, to $3.6 billion. In a sign that the world recovery is spreading beyond China, sales to... #IronandSteelPrices #IronproductionUkraine #MetinvestEBITDA #MetinvestUkraine #SttelProductionUkraine
