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In the first half of the year, the industry's profits grew 14-fold thanks to reduced supply and weaker raw material prices

The operating income of these enterprises during the period decreased by almost 7% on an annual basis

The increase in the indicator was facilitated by the improvement in demand for steel and a low base of comparison

The share of unprofitable enterprises increased from 26.7% in 2021 to 33.8%

In January-March, steel sales increased by 8% q/q

In the sector of ferrous metal ores extraction and beneficiation, revenues decreased by 22% y/y

In the sector of mining and beneficiation of ferrous metals, profits decreased by 27.6% y/y

Baowu Steel and CSC expect steel demand to remain weak in Q4 2022

Steelmakers explain this by a drop in the price and volume of rolled steel shipments

The company's revenue grew by 23.8% in six months

While its retained earnings amounted to ₴ 4.3 billion at H1-end

The Company’s EBITDA increased by 53% in Q1