Business news from Ukraine

Business news from Ukraine

“Dneprovsky Iron and Steel Works” reduced rolled steel production by 54.6%

5 September , 2024  

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, cut rolled steel production by 54.6% year-on-year to 33.8 thousand tons in January-August this year.

According to information in DCH Steel’s corporate newspaper on Thursday, the company did not produce rolled metal products in August, but rolling shop No. 2 shipped 2.3 thousand tons of steel products to consumers. In August 2023, the company produced 4.4 thousand tons of rolled metal products.

“The August rolling campaign has been postponed to September due to a change in the delivery time of billets. The rollers are planning to start working on September 13, and it all depends on the pace of billets supply by the customer,” the company said in a statement.

At the same time, coke production in the first eight months of 2024 decreased by 2% to 194 thousand tons. In August, coke production decreased by 6.7% compared to the previous month to 24.4 thousand tons. In August 2023, 25.8 thousand tons of coke were produced.

As reported, in 2023, DMZ increased its rolled metal output by 86.2% compared to 2022, up to 105.6 thousand tons, and coke output by 38.5%, up to 292.7 thousand tons.

In 2022, the plant reduced rolled steel production by 74.2% compared to 2021, to 58.4 thousand tons, and coke production by 56.3%, to 211.3 thousand tons.

DMZ specializes in the production of steel, pig iron, rolled products and products made from them.

On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.

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