Business news from Ukraine

Business news from Ukraine

Dneprovsky Metallurgical Plant reduced rolled products output by 67% in August compared to July

15 September , 2023  

Dniprovsky Metallurgical Plant (DMZ, formerly Dniprokoks), a part of DCH Steel of DCH group of businessman Oleksandr Iaroslavskyi, produced 4.4 thousand tons of rolled products in August this year, having reduced production by 67.4% against the previous month and by 64.7% against August-2022.

According to the company’s press release, the reason for the reduction in volumes was repairs of the main equipment.

At the same time, the plant also produced 25.8 thousand tons of coke in August, while in the previous month – 30.4 thousand tons (down 15.3%).

In total, for the eight months of 2023, rolled metal output amounted to 74.1 thousand tons, which is 80.8% more than in 8M-2022.

Coke output for the first eight months of this year increased by 34% to 198.1 thousand tons.

“In August, rolling shops mainly produced mine stand and channels for the Ukrainian market. Products of coke-chemical production were shipped to metallurgical plants, ferroalloy plants, agro-enterprises, etc.”, – explained in the press release.

It is recalled that DMZ resumed production of rolled products after a three-month downtime in April 2022. Last year, the plant reduced production of rolled products by 74.2% to 58.4 thousand tons compared to 2021, coke – by 56.3% to 211.3 thousand tons.

DMZ specializes in the production of steel, pig iron, rolled steel and products thereof. On March 1, 2018, DCH Group signed an agreement to purchase Dniprovsky Iron and Steel Works from Evraz.