18
Aug
11:26
Metalloinvest's first-half earnings soar on higher demand, prices
Russian iron ore miner and metallics and steel producer Metalloinvest saw revenue surge 64.7% on-year in the first half of 2021 to $5.06 billion, with net income more than tripling to $2.17 billion.
Ebitda gained 175.4% on-year to $2.92 billion, exceeding in H1 the full-year 2020 total, pushing profitability to its "highest ever" 61%, 24.5 percentage points up on-year, the company says.
Earnings soared on the acceleration of global steel consumptio…
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