ArcelorMittal Kryvyi Rih PJSC (ArcelorMittal) recorded a net profit of ₴740.9 million in 2020. In 2019, the Company reported a net loss of ₴2.3 billion, according to the Company’s website.

In 2020, the Company recorded retained earnings in the amount of ₴30.12 billion.

Last year, its current liabilities decreased by 33.3% to ₴17.87 billion against 2019, long-term liabilities by 5.3% to ₴9.6 billion.

ArcelorMittal cut accounts receivable by 16% over the year to ₴21.6 billion.

The Company’s assets dropped by 9.4% to ₴88.3 billion in 2020. The cost of fixed assets increased by 8.9% to ₴51.996 billion against 2019.

“Despite all the challenges amid the COVID-19 pandemic and the associated restrictions, ArcelorMittal Kryvyi Rih has managed to fulfill its obligations to employees, suppliers and contractors,” said Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih.

ArcelorMittal’s annual general meeting is scheduled for 29 April. According to draft decisions, ₴9.6 billion is projected to be allocated for dividends on ordinary shares, or ₴2.49 per ordinary registered share.

ArcelorMittal Kryvyi Rih PJSC is an integrated steelmaking company, a part of the ArcelorMittal Group. Its activity covers the entire production route from iron ore mining and coke production to manufacture of finished metal products. The Company produces semi-finished and long products and shape steel rolled stock.

In January 2021, Metinvest B.V., the holding company of the Metinvest Group, ramped up its revenues by 1.5% to $1.03 billion compared to December 2020, according to the financial results published on the Group’s website.

In January, revenues of the steel segment of Metinvest B.V. amounted to $789 million (against $788 million in December).

Metinvest’s EBITDA in January ramped up by 17.8% to $378 million against the previous month.

Arrears of Metinvest B.V. increased from $2.937 billion in December to $2.950 billion in January. The amount of cash grew by $293 million to $1.119 billion.

The Company spent $54 million for investment and $55 million for financial activities.

In January, Metinvest earned:

In total, in January the Company sold 456 thousand tons of semi-finished products worth $219 million, 764 thousand tons of finished metal products worth $476 million, 186 thousand tons of coke worth $39 million, 1.54 million tons of iron ore worth $233 million and 53 thousand tons of coal concentrate worth $7 million.

Metinvest Holding LLC is the managing company of the Metinvest Group. The major shareholders of Metinvest are its co-managing companies SKM Group (71.24%) and Smart Holding (23.76%).

In 2020, Metinvest B.V. increased its net profit by 54% to $526 million compared to 2019. Its revenue in 2020 was $10.45 billion, 3% down from the previous year.

In 2020, the Ferrexpo Group increased iron ore pellets production by 7% to 11.2 million tons compared to 2019, according to the financial results published on the Group’s website.

The share of high grade pellets (65% Fe and above) increases by 3 pp to 99% against 2019.

In 2020, the Company sold 12.1 million tons of iron ore pellets, 17% up from 2019. The Group remains the world’s third largest exporter of iron ore pellets in terms of volumes.

The Ferrexpo Group is the largest producer and exporter of pellets among the former Soviet Union countries. Its production assets include Poltava Mining and Yeristovo Mining.

Ferrexpo plc holds 100% of shares in Ferrexpo AG, which, in its turn, owns 100% of shares in Poltava Mining and 100% of shares in Yeristovo Mining.