Metinvest’s metallurgical segment volume sales were 1.5mn mt in August 2020, up 20pc against the same month in 2019. Segment volume sales fell by 6pc in August compared to July figures of 1.6mn mt. 

 

August figures included 567,000mt in semi-finished products, 756,000mt of finished steel, and 201,000mt of coke. Compared to the year-ago month sales figures, semi-finished increased by 30pc and finished steel rose by 12pc. 

 

In August 2020, semi-finished products were 223,000mt pig iron (39pc), 235,000mt slab (41pc), and 109,000mt (19pc) square billets. Finished steel product sales were dominated by flat at 578,000mt (76pc) and followed by longs at 164,000mt (22pc). 

 

In the mining division, 1.5mn mt iron ore was sold in August 2020 with 1.1mn mt in merchant iron ore concentrate and 405,000mt in pellets, while sales of coking coal concentrate stood at 37,000mt. Iron ore sales increased by 19pc in August 2020 compared to the prior-year period, but fell by 7pc from July. 

 

Metinvest’s revenue was $838mn in August 2020, down 2pc against the same month a year ago. Of this,  $666mn was from metallurgical segment and $172mn from mining, a decline of 2pc and 1pc, respectively. Adjusted EBITDA was $216mn in August 2020. 

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