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Business
Metinvest reduces steel exports to Europe 21% on year in 2020
KYIV, Feb 17 - Metinvest B.V. in 2020 reduced sales of products in Europe by 21% compared to the previous year, to $2.851 billion.
According to the audited consolidated financial results for 2020, sales in Europe fell mainly due lower sales prices for steel products. This was also affected by a decrease in sales of semi-finished products by 31% and iron ore products by 48%. As a result, the region's share in total revenue decreased by 7 percentage points (p.p.) compared to the previous year, to 27%.
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