profit

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

₴9.6 billion is projected for dividends

Ferrexpo’s revenue dropped by 1.4%, while net debt fell by 38%