04
Dec
00:00
Weaker CIS, MENA demand slashes Metinvest 9-month steel sales, but tubes surge
Reduced CIS and Middle East and North Africa (MENA) demand for flat and long products has dragged down consolidated nine-month revenues at Ukraine's Metinvest by 13% year-on-year to $4.87 billion. Ebitda, however, rose 13% to $2.05bn thanks to the devaluation of the hryvnia and lower production costs, Kallanish notes.
Railway products saw the largest decline among the finished steel groups, with sales plunging 66% in the period to 80,000 tonnes due to th…
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Anonymous
Very good overview of the weekly steel market.
Anonymous