31
Aug
11:38
Metalloinvest’s first-half earnings fall, pays excess profit tax
Metalloinvest saw revenue fall in the first half of 2023 to RUB 219 billion ($2.27 billion), down 15% compared to the same period last year, Kallanish notes.
The firm’s pre-tax profit in H1 2023 meanwhile amounted to RUB 37 billion, less 35% on-year.
"The group's financial position was significantly impacted by global iron ore and steel prices, which declined significantly in the second quarter of 2022 to the level of 2021 and did not r…
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Anonymous
Very good overview of the weekly steel market.
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