Ukrainian steel maker Metinvest announced that Financial highlights its total revenues in January-September 2021 increased by 78% YoY to USD 13,562 million as external revenues of each segment rose by 78% YoY & segmental shares of total revenues remained flat YoY. Adjusted EBITDA' quadrupled YoY to USD 6,102 million with metallurgical EBITDA rising by 5.6x to USD 2,781 million & mining EBITDA growing by 3.9x to USD 3,763 millionMetinvest’s metallurgical sales increased by 78% YoY mainly attributable to higher average selling prices for steel products in line with global benchmarks, greater shipments of finished steel products, up 9%, as a result of demand recovery in several strategic markets for the Group, and recent investments at the Mariupol steelmakersIts mining sales also increased by 78% YoY amid higher iron ore selling prices and pellet premiums globally, as well as greater pellet shipments up 28%
Ukrainian steel maker Metinvest announced that Financial highlights its total revenues in January-September 2021 increased by 78% YoY to USD 13,562 million as external revenues of each segment rose by 78% YoY & segmental shares of total revenues remained flat YoY. Adjusted EBITDA' quadrupled YoY to USD 6,102 million with metallurgical EBITDA rising by 5.6x to USD 2,781 million & mining EBITDA growing by 3.9x to USD 3,763 millionMetinvest’s metallurgical sales increased by 78% YoY mainly attributable to higher average selling prices for steel products in line with global benchmarks, greater shipments of finished steel products, up 9%, as a result of demand recovery in several strategic markets for the Group, and recent investments at the Mariupol steelmakersIts mining sales also increased by 78% YoY amid higher iron ore selling prices and pellet premiums globally, as well as greater pellet shipments up 28%
