14
Oct
12:10
Metinvest H1 revenue declines on lower demand, prices
Metinvest's consolidated revenue decreased -21% on-year in the first half of 2016 to $2.8 billion, Kallanish learns from the firm.
This was mainly driven by lower selling prices of steel and iron ore products, which hit multi-year lows in the first quarter, although they partly recovered in Q2. In addition, shipments of square billet, pipe, coke and pellets dropped due to such factors as weak demand and unstable operations at Yenakiieve Steel. The …
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Anonymous
Very good overview of the weekly steel market.
Anonymous