17
Dec
17:12
Metinvest's nine-month financials dip on lower prices, volumes
Vertically-integrated steel producer and miner Metinvest's revenue and earnings declined over January-September 2019, but its capital expenditure increased, Kallanish notes.
The company's nine-month revenue fell by -6% year-on-year to $8.49 billion, and adjusted Ebitda dropped -39% on-year to $1.23 billion. Profitability shrank by 7 percentage points on-year to 15%. The company continued to invest however, increasing its capex to $770 million in the r…
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Anonymous
Very good overview of the weekly steel market.
Anonymous