Metalloinvest, a major global supplier of iron ore, pig iron and hot-briquetted iron (HBI), announced a 28.1% year-on-year rise in its earnings for the first-quarter of 2018 in a financial report published on Thursday June 14.
Earnings before interest, taxes, depreciation and amortization (Ebitda) in January-March reached $675 million, up from $527 million in the first quarter of 2017, mainly thanks to higher prices globally.Ebitda margin was at a five-year high of 37.2%, compared with 34.7% in the first quarter last year."The increase [in earnings] was the result both of the growth in global prices...