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 Europe increased by 10% yoy to 1.48 million tons. Prices continued to rise in March, compared to February: +11% for pig iron; +9% for slabs and flat products; +1% for billets.