Business news from Ukraine

Business news from Ukraine

Zaporizhstal increased rolled steel production by 11% in seven months

In January-July of this year, the Zaporizhstal steel plant in Zaporizhia increased its rolled steel production by 11% compared to the same period last year, to 1 million 593.4 thousand tons from 1.435 million tons.

According to the plant’s press release on Friday, steel production for the period amounted to 1 million 828.1 thousand tons (in January-July 2024 – 1 million 737.1 thousand tons), and pig iron – 2 million 28.5 thousand tons (1 million 789.5 thousand tons).

In July, Zaporizhstal produced 309 thousand tons of pig iron, 264 thousand tons of steel, 231.2 thousand tons of rolled products, compared to 292,500 tons of pig iron, 267,500 tons of steel, and 220,400 tons of rolled products in the previous month.

As reported, in 2024, Zaporizhstal increased its rolled steel output by 18.1% compared to 2023, to 2 million 426.7 thousand tons from 2 million 54.7 thousand tons, and steel output by 17.2%, to 2 million 890.8 thousand tons, and pig iron by 14.2%, to 3 million 106.3 thousand tons.

In 2023, Zaporizhstal increased its rolled steel production by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.

Zaporizhstal is one of Ukraine’s largest industrial enterprises, whose products are in high demand among consumers both on the domestic market and in many countries around the world.

Zaporizhstal is a joint venture of the Metinvest Group, whose main shareholders are System Capital Management (71.24%) and Smart Steel Limited (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

 

,

Ukrainian women’s national team has taken gold for first time at European Beach Volleyball Championship

In the final match of the European Championship, Ukrainians Marina Gladun and Tatiana Lazarenko defeated Frenchwomen Clemence Viera and Aline Chamereau, the National Olympic Committee of Ukraine reports.
Ukraine won a historic gold medal at the European Beach Volleyball Championships.

 

, , ,

Interpipe NTZ’s net profit fell 12.5 times in 2024

PJSC Interpipe Nizhnedneprovsky Pipe Rolling Plant (Interpipe NTRP, Dnipro) reduced its net profit by 12.5 times compared to the previous year, to UAH 59.855 million from UAH 748.896 million, according to the results of its operations in 2024.

According to the annual report, a copy of which is available at the Interfax-Ukraine news agency, net income for this period decreased by 20% to UAH 8 billion 317.201 million.

Undistributed consolidated profit at the end of 2024 amounted to UAH 3 billion 929.336 million.

As reported, Interpipe NTRP reduced its consolidated net profit for the first nine months of 2024 by 57.6% compared to the same period in 2023, to UAH 501.810 million from UAH 1 billion 183.320 million, and net income by 28.3% to UAH 6 billion 229.471 million.

The company ended 2023 with a consolidated net profit of UAH 748.896 million, compared to a loss of UAH 1 billion 233.944 million in 2022.

Interpipe NTRZ manufactures railway products.

According to the NDU for the first quarter of 2025, Interpipe Ukraine LLC owns 12.0902% of its shares, KLW Limited (Cyprus) – 60.8197%, and Interpipe Limited (Cyprus) – 21.8405%.

The authorized capital of PJSC Interpipe NTRP is UAH 100 million, and the par value of a share is UAH 0.25.

 

,

National Bank has lowered its forecast for vegetable and fruit harvests

The National Bank of Ukraine (NBU) has lowered its forecast for the 2025 vegetable harvest by 11.5% to 7.6 million tons, fruit and berry harvest by 11.1% to 1.8 million tons, and potato harvest by 3.4% to 19.4 million tons.

“Weather conditions in the spring of 2025 were unfavorable for harvests. Spring frosts covered a significant part of the country, causing particular damage to winter crops, fruit and berries, and vegetables,” the National Bank said in its updated Inflation Report published this week.

At the same time, compared to last year’s harvest, the National Bank estimates that this year’s vegetable harvest will be 11.5% higher, or 0.8 million tons, and potato harvest will be 10.7% higher, or 1.9 million tons.
However, the situation with fruits and berries is worse, and their harvest will be 12.4%, or 0.2 million tons, less than last year.

The National Bank also lowered its forecasts for vegetable crops in 2026 by 9.1% compared to the previous April Inflation Report, to 8.0 million tons, and for fruit and berries by 4.0%, to 1.9 million tons.
At the same time, the NBU slightly improved its expectations for next year’s potato harvest by 0.7% to 20.0 million tons.

, , ,

China calls for focus on real mediation to achieve peace in Ukraine

China has called on the international community to focus on real mediation to achieve peace in Ukraine instead of wasting time on discussions.

“Over the past seven days, the Ukrainian issue has been the subject of three Council meetings. While we are spending time and energy on further discussions of this issue in the Council, we should invest more time and energy in mediation and promoting peace talks,” said Chinese Deputy Permanent Representative to the UN Geng Shuang during an emergency meeting of the UN Security Council initiated by Ukraine after a massive missile and drone strike by Russia on the night of July 31.

China stressed that the crisis in Ukraine is in a critical phase and called on all parties to make every effort to de-escalate and return to the political process. In particular, the Beijing representative outlined three key steps: prioritizing humanitarian needs and protecting civilians, immediate de-escalation on the battlefield to allow for meaningful negotiations, and an active role for the international community in creating conditions for dialogue.

The Chinese side stressed that it would continue to promote the settlement, guided by the four principles formulated by Chinese President Xi Jinping.

As reported, Ukraine initiated an emergency meeting of the UN Security Council in response to the latest escalation of terror by Russia, which led to the death of people and destruction in Kyiv.
As of now, at least 31 civilians, including five children, are known to have been killed in the attack on Kyiv on July 31. Another 159 civilians, including 16 children, were wounded in the capital.

DTEK Energy invested UAH 6.9 bln in preparations for winter

In January–June 2025, DTEK Energy allocated UAH 6.9 billion to preparations for the 2025/26 heating season.

“Key areas include repairs, restoration of thermal power plants, and support for Ukrainian coal mining,” the company said in a press release.

In particular, as noted by DTEK Energy, given the challenges of the war and the consequences of numerous massive attacks on energy infrastructure, the energy holding company is continuing its ongoing repair campaign at thermal power plants. In six months, about UAH 4 billion has already been allocated for this work, which is more than in the whole of 2024, making it possible to prepare generating capacities for winter and maintain the reliability of the power system.

At the same time, intensive preparations are underway at Ukrainian mines. The company’s own investments in coal production since the beginning of the year amounted to UAH 2.9 billion. As a result, in the first half of the year, DTEK Energy miners put seven new coal seams into operation, providing fuel for heat generation.

The company’s machine-building enterprises are also working to support the mines. In the first half of the year, they manufactured and repaired 1,707 pieces of mining equipment, including four new roadheaders, as well as 1.2 million spare parts and components.

“Our power engineers, repair workers, miners, and machine builders continue to work hard to provide Ukrainians with electricity, especially during summer peaks in consumption, and to lay a more reliable foundation for thermal power generation during the next heating season (…) We are continuing to repair and restore thermal power plants, investing in coal mining and providing mines with the necessary equipment,” said DTEK Energy CEO Alexander Fomenko.

According to the company, since the start of the full-scale war, the Russians have launched 205 strikes on DTEK Energy’s thermal power plants. Last year alone, there were 13 large-scale attacks on Ukraine’s energy infrastructure.

Since February 2022, 56 power plant workers have been injured and four people have been killed in attacks on DTEK Energy’s thermal power plants.

DTEK Energy provides a closed cycle of coal-fired power generation. As of January 2022, the company’s installed thermal power generation capacity was 13.3 GW. A complete production cycle has been established in coal mining: coal extraction and enrichment, machine building, and maintenance of mining equipment.