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25/04/2024
Mining News

Metinvest Group’s product sales: Analysis of regional 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.

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