25
Feb
13:37
Metalloinvest eyes green steel after 2021 earnings surge
Metalloinvest increased revenue in 2021 due to favourable market conditions and the recovery of demand for iron ore and steel products in global markets.
The company clocked last year revenue of $10.6 billion, 65.4% up on-year, while Ebitda increased by 2.3 times to $5.75 billion. Net profit surged 3.1 times to $4.11 billion.
Russian sales increased from 36.5% in 2020 to 39.3% of total revenue, the company tells Kallanish. The proportion of sales in Europe a…
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Anonymous
Very good overview of the weekly steel market.
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