Business news from Ukraine

Business news from Ukraine

METAL HOLDING REDUCES NET PROFIT BY 23% IN 2020

Metal Holding Trade LLC, one of the metal trading companies in Ukraine, in 2020 reduced its net profit by 23% compared to the previous year, to UAH 13.838 million.
According to the annual report of the enterprise in the information disclosure system of the National Securities and Stock Market Commission, the company in 2020 reduced its net income by 3.4%, to UAH 35.754 million.
Retained earnings over the last year amounted to UAH 123.036 million.
Metal Holding Trade LLC (Kyiv) is engaged in the wholesale trade of metals, and the production of metal structures.

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METAL HOLDING TRADE SEES PROFIT FALL

Metal Holding Trade LLC, one of the largest metal trading companies in Ukraine, in 2019 reduced its net profit by 63.9%, to UAH 30.425 million compared to the previous year.
According to the company’s annual report in the information disclosure system of the National Securities and Stock Market Commission, in 2019 the company increased its net income by 1.8%, to UAH 3.676 billion.
Retained earnings by the end of the year amounted to UAH 443.456 million.
Metal Holding Trade LLC (Kyiv) is engaged in the wholesale trade of metals, and the production of metal structures.
The founders and participants of the holdings are three individuals: Serhiy Loichenko, who owns a 75% stake, Oleh Melnyk with 12.5% and Volodymyr Poberezhniuk with 12.5%.
The charter capital of the company is UAH 4.020 million.

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LARGEST UKRAINIAN METAL HOLDING METINVEST ROLLS DOWN FROM 37TH TO 42ND POSITION AMONG STEEL MANUFACTURERS

Metinvest, the largest mining and metal holding in Ukraine, in 2017 was 42nd in the list of the largest global steel manufacturers with the volume of 9.59 million tonnes compared with the 37th position in 2016 with the volume of 10.34 million tonnes, the 40th position in 2015 with 9.65 million tonnes and 33rd position in 2014 with 11.18 million tonnes.
According to the World Steel Association (Worldsteel), last year ArcelorMittal with 97.03 million tonnes of smelted steel was first in the 2018 edition of World Steel in Figures.
It is followed by China Baowu Group with 65.39 million tonnes, NSSMC (includes Nippon Steel & Sumikin Stainless Steel Corporation, with 100% of shares, and Nisshin Steel (51%), USIMINAS (31.2%) with 47.36 million tonnes.
The editions of World Steel in Figures of 2018, 2017, 2016 and 2015 did not contain other Ukrainian companies, apart from Metinvest. Industrial Union of Donbas (ISD), which was 44th in 2013 was not included in the next editions.
Worldsteel said that in 2017, Ukraine produced 21.3 million tonnes of steel and was 12th. Apparent steel use was 4.5 million and apparent steel use per capita was 101.5 kg.
Ukraine exported 15.2 million tonnes of steel products, being 12th in the global rating, while China was first and Russia was fourth.
Ukraine was fourth in net exports of steel in the world with 13.8 million tonnes (16.9 million tonnes in 2016, fourth). China was first with 60.9 tonnes and Japan was second with 31.2 million tonnes.

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