Metinvest’s metallurgical segment sales volumes increased by 10.7pc to 1.4mn mt in October 2020 compared to the same month in 2019. In the mining segment, the company’s total sales volumes declined by 3.4pc to 1.5mn mt.
The steelmaker’s semi-finished sales volumes climbed by 17.7pc to 426,000mt in October 2020 against the same prior-year period. Finished product sales rose by 6.3pc to 782,000mt and flat products, which comprised 80pc of finished product sales, increased by 4.2pc to 626,000mt during the same period under consideration. Coke sales volumes increased by 15.2pc to 189,000mt in October 2020 from October 2019.
Metinvest’s revenues increased by 8.9pc to $868mn in October 2020 from $797mn in the year-ago month. In October 2020, metallurgical revenue climbed by 4.9pc to $689mn while mining revenue declined by 6.6pc to $228mn compared to the same month in 2019.