Home
/
News
/

Metinvest steel prices mixed last week

Metinvest steel prices mixed last week

27 September 2021

Ukraine FOB prices for the types of iron and steel products
exported by Metinvest (METINV), Ukraine’s largest producer, showed mixed
dynamics during Sept. 17 – 24, according to Metal Expert, an industry
consultancy.

 

Pig iron prices (Metal Expert’s FOB Black Sea
assessment for a group of countries that includes Ukraine) added 2% w/w to USD
498/t on Sept. 24, 22% below their 2Q21 high of USD 635/t on June 18.

 

Billet prices were flat w/w at USD 595/t on Sept. 24,
19% below their 2Q21 high of USD 735/t on May 14.

 

Slab prices plunged 7% w/w to USD 690/t on Sept. 24,
27% below their 2Q21 high of USD 950/t on May 28.

 

HRC prices slid 1% w/w to USD 835/t on Sept. 24, 24%
below their 2Q21 high of USD 1,095/t on May 21.

 

Dmytro Khoroshun: Ukraine FOB
steel prices might stabilize in the short term, but we do not exclude a further
drop later.

 

Metinvest’s monthly EBITDA will likely amount to at
least USD 500-700 mln in 3Q21 but should drop in 4Q21 because of the recent
drops in steel and iron ore prices.

 

We maintain our neutral view on METINV bonds.

Latest News

News

23

02/2022

Separatists may claim entire territories of two Ukrainian regions

Russia has recognized “all fundamental documents” of the self-proclaimed Donetsk and Luhansk People’s Republics (DNR...

News

23

02/2022

U.K. to provide USD 500 mln loan guarantee for Ukraine as IMF mission starts

The British government is going to provide up to USD 500 mln in loan guarantees...

News

23

02/2022

MinFin bond auction receipts jump to UAH 3.5 bln

Ukraine’s Finance Ministry raised UAH 3.3 bln and EUR 7.2 mln (the total equivalent of...