icon

Metinvest - Latest news GMK Center

Photo – Metinvest secures a €9.8 million loan to modernize Ilyich Iron and Steel Works
Metinvest secures a €9.8 million loan to modernize Ilyich Iron and Steel Works

The funds will be used to implement the next phase of reconstruction of the hot strip mill (HSM) 1700

Photo – Metinvest resumes operation at Metinvest Trametal in Italy
Metinvest resumes operation at Metinvest Trametal in Italy

Shipment of earlier manufactured products from Ferriera Valsider and Metinvest Trametal is currently in progress

Photo – Ukrainian steelmakers joined the fight against the coronavirus epidemic
Ukrainian steelmakers joined the fight against the coronavirus epidemic

Companies are taking action to prevent the spread of the virus and minimize its impact on production

Photo – Rinat Akhmetov to donate ₴300 million to combat the coronavirus outbreak
Rinat Akhmetov to donate ₴300 million to combat the coronavirus outbreak

Resources of Akhmetov Charity, DTEK, Metinvest, FC Shakhtar and all SCM assets will be pooled to help

Photo – Metinvest introduced protective measures against the coronavirus epidemic
Metinvest introduced protective measures against the coronavirus epidemic

The Group sent some employees to work from home and canceled all business trips

Photo – Metinvest decreased net profit by 71% in 2019
Metinvest decreased net profit by 71% in 2019

The Group’s EBITDA shrank by 52% in 2019

Photo – In 2019, Metinvest increased steel production by 3%
In 2019, Metinvest increased steel production by 3%

The Group produced 7.6 million tons of metal in 2019

Photo – Metinvest will focus on the development of product portfolio in 2020
Metinvest will focus on the development of product portfolio in 2020

The improvement in the product portfolio will depend to a growth in production at the Ilyich Works

Photo – Metinvest cut its EBITDA by 75% in October
Metinvest cut its EBITDA by 75% in October

The Group’s revenue fell by 8.7% over the month

Photo – Metinvest’s EBITDA decreased by 39% over the first 9 months of 2019
Metinvest’s EBITDA decreased by 39% over the first 9 months of 2019

The fall in global steel prices affected the Group’s financial performance

Photo – Metinvest increased capital investment by 24% to $770 million, over 9 months
Metinvest increased capital investment by 24% to $770 million, over 9 months

65% of capital investment was spent for scheduled maintenance of production facilities

1 66 67 68 69