Akhmetov's Metinvest received $58 million in losses for the first half of the year
The company's sales in Ukraine fell by 16% to $1.13 billion, and its market share fell to 32%. Milling and export to Europe – minus 13% for six months. But in North America – increased by 20%.
The main reasons for the losses are the shutdown of “Metinvest Pokrovsk coal” and the loss of its own coking coal, a pause in the work of the Ingulets GZK and the drop in world prices for steel and ore.
In addition, the US asset United Coal generated a loss of $62 million: it was put up for sale.
Despite the difficult environment, the company fully repaid Eurobonds-2025, and paid almost UAH 10 billion in taxes to the budget of Ukraine in the first half of the year.
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