Metinvest Announces Q1 2013 Operational Results
OREANDA-NEWS. Metinvest B.V., the parent company of an international vertically integrated steel and mining group of companies (jointly referred to as “Metinvest Group” or “Metinvest”), announces its operational results for the first quarter ended 31 March 2013. 1Q 2013 HIGHLIGHTS
Production of crude steel down 6% y-o-y to 3,101 thousand tonnes
Production of iron ore concentrate marginally up 1% y-o-y to 9,325 thousand tonnes
Mining of coking coal marginally down 2% y-o-y to 2,896 thousand tonnes
Please find more information on Metinvest Group website
METINVEST GROUP is a vertically integrated steel and mining group of companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It comprises steel and mining production facilities located in Ukraine, Europe and the US, as well as a sales network covering all key global markets. The Group is structured into two operating divisions, Metallurgical and Mining, and its strategic vision is to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above the industry benchmarks. For the 12 months ended 31 December 2012, the Group reported revenues of USD 12.6 billion and an EBITDA margin of 16%.
The major shareholders of METINVEST B.V. (the holding company of Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Company’s management.
METINVEST HOLDING LLC is the management company of Metinvest Group.