25
May
16:58
OMK cuts output, revenue, spending grows
Russia’s United Metallurgical Company (OMK) increased revenue by 1% on-year in 2020 to RUB 169.7 billion ($2.3 billion), keeping Ebitda flat on-year at RUB 39.3 billion, Kallanish notes.
The company's output declined during 2020, as a result of falling demand and pandemic-induced uncertainty affecting OMK's capacity utilisation. The firm maintained investments, despite the challenges, having achieved in 2020 the highest capital expenditure in its his…
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Anonymous
Very good overview of the weekly steel market.
Anonymous