Ukrainian mining and steel producing group Metinvest has announced its financial results for October last year.
Accordingly, in October Metinvest’s consolidated revenues declined by 4.8 percent month on month to $868 million. In the given month, revenues from its metallurgical division fell by 5.1 percent month on month to $683 million, while revenues from its mining division totaled $185 million, down 3.6 percent month on month.
Meanwhile, the company's EBITDA in October amounted to $240 million, falling by 1.64 percent compared to September, SteelOrbis has learned.
In the meantime, in the given month Metinvest’s debt remained almost unchanged at $2.93 billion.
In October, Metinvest sold 426,000 mt of semi-finished steel products with a value of $172 million and 626,000 mt of flats with a value of $344 million. Its revenues from the sale of 1.49 million mt of iron ore amounted to $177 million.