Metinvest analyzed its sales in 1H 2009

As a result of 1H 2009 performance, Metinvest sales volume made: 816 kt slabs, 705 kt billets, 314 kt SAW pipes. This was communicated by Andrey Parkhomchuk, Sales Director of Steel and Rolled Products Division, METINVEST HOLDING LLC, at the annual Sales Conference in Donetsk, on 17-19 June 2009.

For the previous period 2009 Metinvest sales at most product segments exceeded the planned indicators. Metinvest spot sales to new segments increased (rails, flat products, large sections). Niche sales of industrial assortment, including grinding balls, rails and special sections also grew. The company increased its sales to the markets of Thailand, Pakistan, India and Croatia.

At the flat products segment the greatest share of sales belongs to pipe-making plate due to the Middle Asia-China project. Most of the total amount 476Kt was delivered to Khartsyzsk Tube Works and Russian pipe works.

The greatest share of slabs was delivered to Far East and South East Asia markets, while billets to Middle East and Persian Gulf markets (56%). The most important contracts at the segment of long products were for products delivery to Belorussia, Kazakhstan and Ukraine.

“Taking into consideration market situation, I can set as top priorities for Sales Service sales of finished products, minimum logistics to end consumer and key account management”, said Andrey Parkhomchuk.

For editors:

Metinvest is an international vertically integrated mining and steel group of companies. Production facilities of Metinvest produce enough steelmaking raw materials to meet its own demand and to be the key supplier to major steelmaking companies in Ukraine, Europe and Asia.

The major shareholders of Metinvest are SCM Group (75% ownership) and Smart-Holding (25% ownership) partnering in Company’s management. The merger of mining and metals assets of SMC and Smart-Holding has started in 2007 and will have been accomplished in 2009.

METINVEST HOLDING, LLC is the managing company of Metinvest Group.