Metinvest sales revenue dropped by 13pc to $742mn in April 2020 compared to $855mn in March 2020.
In April 2020, the company earned 78pc or $580mn from metallurgical and 32pc or $240mn from mining with contribution percentages consistent with the previous month.
In April, Metinvest’s steel revenues from semi-finished products stood at $143mn earned from sales of 377,000mt, while finished steel revenue stood at $353mn from the sales of 665,000mt of the product. Semi-finished steel volumes decreased by 13pc in April 2020 against 435,000mt in March 2020 and sales volumes for finished steel declined by 13pc in April against 765,000mt in the previous month.
Coke revenues achieved $43mn in April on 183,000mt of the material sold with the remaining other products selling $40mn. Coke volumes increased by 24pc in April from 148,000mt in March.
Outside sales in the mining segment primarily made up of iron ore products reached $168mn in April 2020 with 1.7mn mt of mining volume sold. Mining volumes declined by 5pc compared to 1.8mn mt in March while sales revenue declined by 11pc.