Metinvest steel prices mostly stable last week
26 July 2021
Ukraine FOB prices for the types of iron and steel
products exported by Metinvest (METINV), Ukraine’s largest producer, were mostly
stable during July 16 – 23, 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) were flat w/w at USD
610/t on July 23, 65% above their 3Q20 high of USD 370/t on Sept. 18.
Billet prices were unchanged w/w at USD 645/t on July
23, 55% above their 3Q20 high of USD 415/t on Sept. 11.
Slab prices dropped 1% w/w to USD 830/t on July 23,
78% above their 3Q20 high of USD 465/t on Sept. 11.
HRC decreased 1% w/w to USD 925/t on July 23, 84%
above their 3Q20 high of USD 503/t on Sept. 11.
The prices provided by Metal Expert are sophisticated
estimates, but they are not necessarily the same as the prices realized by
Metinvest for its specific products.
Dmytro Khoroshun: Metinvest’s
monthly EBITDA will likely amount to at least USD 400-500 mln in 2Q21 and in
3Q21 because of strong steel and iron ore prices.
Steel prices will likely decrease by the year’s end, but
production restrictions and credit easing in China might limit their drop.
