icon

Metinvest - Latest news GMK Center

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

Photo – Ilyich ISW increased hot-rolled steel production capacities to 2.5 million t
Ilyich ISW increased hot-rolled steel production capacities to 2.5 million t

The capacity of the sheet rolling mill 1700 will reach 3.5 million tons following the reconstruction

Photo – Green steel production in Europe and in Ukraine
Green steel production in Europe and in Ukraine

The steel industry will go green — in Ukraine too

Photo – Metinvest increased the EBITDA in July by 54.3%
Metinvest increased the EBITDA in July by 54.3%

The Company’s revenue fell by 3.7%

Photo – S&P raised Ukraine’s credit ratings to B
S&P raised Ukraine’s credit ratings to B

The agency also projected the GDP growth in Ukraine in 2019 from 2.5% to 3.2%.

Photo – Metinvest made an offering of Eurobonds worth $500 million and €300 million
Metinvest made an offering of Eurobonds worth $500 million and €300 million

Maturities: 10 years at 7.95% and 5 years at 5.75% per annum

Photo – S&P and Fitch Upgraded Metinvest’s ratings
S&P and Fitch Upgraded Metinvest’s ratings

Both agencies say the outlook is stable

Photo – Metinvest: The domestic steel market will grow by 3% in 2020
Metinvest: The domestic steel market will grow by 3% in 2020

The drivers of the demand growth will be construction industry and alternative energy

Photo – Metinvest makes its first contract via a blockchain platform
Metinvest makes its first contract via a blockchain platform

The Group made equipment purchase througth smart-contract

1 67 68 69 70