PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of businessman Oleksandr Yaroslavsky’s DCH Steel group, increased its net loss by 3.1 times compared to the same period last year, to UAH 467.490 million from UAH 152.309 million, according to the results for January-September of this year.
According to the interim report, net income for the reporting period decreased by 64.6%, to UAH 1 billion 518.613 million from UAH 4 billion 289.634 million.
The uncovered loss at the end of September 2025 amounted to UAH -199.622 million.
Production volumes in Q3 2025 amounted to 0.6 thousand tons of metal products, in Q2 – 0.5 thousand tons of metal products and 20.3 thousand tons of coke, and in Q1 – 2.3 thousand tons of metal products and 54.9 thousand tons of coke.
Taking into account the current situation in Ukraine, the industry, and the restrictions in place, as well as the fact that the 2026 budget has not yet been formed, the projected volume of work and services is planned for the following areas of activity: services for processing tolling raw materials into rolled products – 70 thousand tons.
In addition to its core production activities, in Q3 2025, DMZ continued to expand its scope of activities and perform work for contractors in the manufacture and repair of metal structures and laboratory research.
In Q3, the average number of full-time employees was 699, and the wage fund was UAH 57.722 million. At the same time, the wage fund for the quarter decreased by UAH 32.950 million compared to Q2 2025, which was due to the lack of raw materials and a market for products, the shutdown of coke production in May 2025, and the corresponding reduction in personnel.
According to the annual report, in 2024, production volumes amounted to 289.1 thousand tons of blast furnace coke, metal products were not manufactured, but 44.6 thousand tons of square billets were rolled into finished rolled products under a tolling scheme. At the same time, there was a 1.2% decrease in blast furnace coke and a 57.1% decrease in rolled products. In terms of the structure of metal products in 2024, the share of rolled products from rolling mill (RM) No. 1 was 11.3%, and RM No. 2 was 88.7%. The rolling mills of DMZ produced channels, long products, mine props, and rails.
The average number of full-time employees in 2024 decreased by 12.6% to 1,707 people, and the FOP amounted to UAH 415.236 million. The average salary was UAH 19,442 (+17.4% from the 2023 level).
DMZ reported a net loss of UAH 222.117 million in 2024, compared to a net profit of UAH 504.591 million in 2023. Net income decreased by 20.8% to UAH 5 billion 412.422 million from UAH 6 billion 832.241 million.
Retained earnings at the end of 2024 amounted to UAH 170.605 million.
As reported, in 2024, DMZ reduced its rental services by 59.4% compared to 2023, to 42.9 thousand tons, and coke production decreased by 1.2%, to 289.1 thousand tons.
DMZ reduced its rolling services by 23.1% in the first seven months of 2025 compared to the same period last year, to 26,000 tons. in January-August 2025, the plant rolled 33.9 thousand tons, which is at the level of January-July 2024 (33.8 thousand tons).
According to information in the corporate newspaper DCH Steel, during the production campaign in rolling shop No. 2, which will begin after November 10, 2025, it is planned to manufacture (roll) 6.3 thousand tons of metal products.
DMZ received a net profit of UAH 4.225 million in 2022, while in 2021 it was UAH 1 billion 725.157 million. In 2021, the plant received a net profit of UAH 1 billion 725.157 million, while it ended 2020 with a net loss of UAH 394.091 million.
DMZ specializes in the production of steel, cast iron, rolled products, and products made from them.
On March 1, 2018, the DCH Group signed an agreement to purchase the Dnipro Metallurgical Plant from Evraz.
According to NDU data for the second quarter of 2025, Drampisco Limited (Cyprus) owns 97.73% of DMZ shares.
The authorized capital of the private joint-stock company is UAH 574.994 million, and the nominal value of a share is UAH 0.25.
