14
Mar
10:45
Metalloinvest ramps up profit, output
Russian iron ore miner and steel producer Metalloinvest has considerably improved its financial performance in 2018, Kallanish learns from the company.
The company generated revenue of $7.2 billion, 15.3% up year-on-year, and a net profit of $1.7 billion, 17.1% higher y-o-y. Having decreased its net debt by -17,2% to $3.4 billion, its profitability rose by 6.8 percentage points to 40.8%.
Metalloinvest's capex was lower by -9.8% on-year in 2018 a…
This article contains premium data.
It is only available for active subscribers and clients currently
on trial. To continue reading, see the options below.
on trial. To continue reading, see the options below.
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