19
Mar
12:33
Metinvest eyes Black Sea exports, earnings improvement
Metinvest says revenue decreased in 2023 due to lower prices for steel, iron ore and coking coal. However, the company hopes to reach better results this year amid exports via the Black Sea route.
The company's revenue for last year fell by 11% year-on-year to $7.4 billion, while Ebitda decreased by 54% to $861 million, Kallanish notes. Metinvest ended 2023 with a consolidated net loss of $194m, while in 2022 net loss was $2.19 billion.
Shipment volumes decr…
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Anonymous
Very good overview of the weekly steel market.
Anonymous