Metalloinvest

By results of 2019 Metalloinvest expects twofold growth of pellet exports - up to 6 million tons

Metalloinvest, a leading manufacturer and supplier of iron ore products in the global market, expects, following the results of 2019, a twofold increase in the export of pellets - from 3 million to

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Oskolsky electrometallurgical plant improves mill 350 productivity

A new complex was put into operation - a reduction and calibration unit (RCU)  - on the medium section of the mill 350 at the rolling shop number 2 of the Oskolsky electrometallurgical plant (

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Metalloinvest's net profit up by 29.6% in Q1

In the first quarter of 2019 the net profit of Metalloinvest under IFRS increased by 29.6% compared to the same period last year and amounted to $539 million, the company reported.

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Fitch raises rating of Metalloinvest to BB+ with stable outlook

Metalloinvest has reported that international rating agency Fitch Ratings upgraded the company's corporate rating to BB+ with a stable outlook from the level BB/positive.

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Turkey not to protect itself from Russian steel

Turkey, the largest export market for Russian steelmakers, has decided not to introduce special protective measures against supply of steel products from Russia.

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Metalloinvest reports partial refinancing of its loan portfolio

In accordance with the strategy of loan portfolio management, the Company allocated 5 billion rubles for early repayment of debt on one of the tranches of the Sberbank loan, the repayment of which

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Metalloinvest presents updated development strategy

The strategy is aimed at leadership in the mining and metallurgical industry and the continuous improvement of the Company's efficiency.

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Metalloinvest announces placement of ruble bonds

Metalloinvest announces the closure of the book of applications for the placement of BO-09 series bonds for a total of 5 billion rubles.

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Metalloinvest announces the opening of a green financing line

Metalloinvest announced the signing of a loan agreement with ING Bank for up to $100 million (or equivalent in Euro) for a period up to November 30, 2020.

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Moody’s increased rating of Metalloinvest to Ba1 with stable outlook

Metalloinvest has reported that international rating agency Moody's Investors Service (Moody's) upgraded the company's corporate rating to Ba1 with a stable outlook from Ba2/positive.

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Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
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