Business news from Ukraine

DNIPROSPETSSTAL INCREASES OUTPUT BY 4.4%

20 March , 2020  

Dniprospetsstal Electrometallurgical Plant (Zaporizhia) increased finished steel production by 4.4% in January-February 2020, compared to the same period in 2019, to 23,160 tonnes, steel production increased by 4.6%, to 32,788 tonnes. According to the company’s press release, some 18,639 tonnes of steel were smelted in February, which is 31.7% higher than in January. Finished steel production amounted to 12,352 tonnes in February, which is 14.3% more than in January.
The total cost of commodity products produced in February 2020 amounted to UAH 509.833 million in current prices, for the two months of 2020 it amounted to over UAH 1.032 billion (commodity production amounted to over UAH 1.355 billion in January-February 2019, and it amounted to UAH 594.671 million in February 2019).
“In February, the plan for steel delivery at steel melt workshop No.5, powder metal workshop and drop hammer workshop was exceeded. In comparison with the planned tasks, the shipments to forge and press workshop and the hot pressing department of powder metal workshop were increased,” the press release says.