27
May
17:05
Metalloinvest's financials reflect first-quarter price dynamic
Russian iron ore and steel producer Metalloinvest's major financial indicators all slipped in the first quarter, despite higher output of all products. The declines were chiefly on the back of annual iron ore and steel price decreases, says deputy chief executive and financial officer Alexey Voronov.
The company's Q1 revenue declined by -17.2% on-year to $1.54 billion. Ebitda, although 34% up on-quarter, lost -26.8% on-year at $534 million, …
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Anonymous
Very good overview of the weekly steel market.
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