29
Apr
12:39
Metalloinvest revenue decreases amid EU, US sanctions
Russian mining and steelmaking company Metalloinvest’s revenue fell in 2023 by 14% on-year to RUB 454 billion ($4.8 billion), the company tells Kallanish.
However, Ebitda increased by 1% to RUB 197.6 billion. The group's net profit dropped by 36% to RUB 68.3 billion.
According to the company, its activities last year were significantly affected by sanctions from the EU and US. “By the end of 2023, the group completely stopped supplies to Eu…
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Anonymous
Very good overview of the weekly steel market.
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