05
Mar
16:08
Lower sales, high costs dent Metinvest's 2019 financials
Metinvest's 2019 financial results were severely dented by the deterioration in the global steel market environment in the second half of the year, coupled with high raw materials costs, says company chief executive Yuri Ryzhenkov.
The company's full-year revenue fell by -9% year-on-year to $10.76 billion as a result, and Ebitda lost -52% at $1.21 billion, all of which came from the mining segment. Profitability declined 10 percentage points on-y…
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Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous