15
Jun
11:18
Higher steel, HBI prices lift Metalloinvest first-quarter revenue
Increased pig iron and steel prices helped boost Metalloinvest’s revenue 19.3% on-year to $1.81 billion in the first quarter. This was also supported by higher hot-briquetted iron prices as a result of growing scrap export prices. A larger share of HBI and SBQ in overall sales also boosted results for the Russian miner and steelmaker.
Net income rose 6.4% on-year in Q1 to $416 million, with Ebitda up 28.1% to $675m and Ebitda margin up 2.5 percentage point…
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Anonymous
Very good overview of the weekly steel market.
Anonymous