28.5 C
Belgrade
25/06/2024
Mining News

Examining Metinvest Group’s regional sales distribution in 2023

In 2023, Metinvest Mining and Metallurgical Group saw a slight decrease in its sales of steel and mining products in the European Union (EU), accounting for 48% of its total sales compared to 49% in 2022.

According to the Group’s annual report, the distribution of its products in 2023 was as follows:

Supported by
  • 35% of total products were sold in Ukraine (compared to 28% in 2022).
  • 2% in the Middle East and North Africa (MENA) region (down from 7% in 2022).
  • 1% in the Commonwealth of Independent States (CIS) (down from 3% in 2022).
  • 7% in Asia (up from 4% in 2022).
  • 6% in North America (consistent with 6% in 2022).
  • 1% in other regions.

Total revenue amounted to $7.397 billion, down from $8.288 billion in the previous year.

Within the steel segment, the distribution of revenue in 2023 was as follows:

  • 50% of revenue was generated from sales in the EU (compared to 49% in 2022).
  • 38% in Ukraine (up from 30% in 2022).
  • 3% in MENA (down from 10% in 2022).
  • 1% in the CIS (down from 4% in 2022).
  • No supplies were made in Asia in either 2023 or 2022.
  • 7% in North America (consistent with 6% in 2022).
  • 1% in other regions.

Total revenue for the steel segment amounted to $4.846 billion, down from $5.716 billion in the previous year.

Regarding iron ore sales, the distribution in 2023 was as follows:

  • 44% of sales were made in the EU (down from 51% in 2022).
  • 30% in Ukraine (up from 22% in 2022).
  • 0% in MENA (down from 2% in 2022).
  • 20% in Asia (up from 13% in 2022).
  • 5% in North America (down from 6% in 2022).
  • 1% in other regions.

Total revenue from iron ore sales amounted to $2.551 billion, slightly down from $2.572 billion in the previous year.

Related posts

Heraeus Acquires McCol Metals to boost precious metals recycling capabilities

David Lazarevic

The Environmental Committee of the University of Belgrade opposes the renewal of the Jadar project

Earth Thrive: Has Rio Tinto initiated arbitration over the Jadar project?

error: Content is protected !!