It's reported that Ukrainian Metinvest announced its financial results for the first quarter of this year. In the first quarter of this year, the company's consolidated revenues decreased by 3% year on year to US$3.134 million due to a dip of US$98 million in sales of coal products. Besides, Metinvest posted adjusted EBITDA of US$460 million for the first quarter of this year, decreasing by 14% year on year. The EBITDA margin was at 15%. In the given period of time, the company's output of crude steel totaled 3.101 million tons in the first quarter of this year, falling by 6%; that of coking coal was at 2.896 million tons, decreasing by 2% and that of iron ore concentrate was at 9.325 million tons, down by 1%, all compared to the figures in the same period of 2012.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=64912&division=A6
