Business news from Ukraine

Business news from Ukraine

DMZ resumes exports of European profiles after war

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, has resumed exports of European sections that had been suspended since the beginning of the war.

According to a report in DCH Steel’s corporate newspaper on Thursday, since the start of the full-scale invasion, the company has not been able to sell its products for export, as such supplies were mostly unprofitable. During this time, Euro profiles were produced at Rolling Shop No. 2 only in the summer of 2023 at the request of Metinvest.

It is also reported that during the first rolling campaign of the year, Rolling Shop No. 2 produced 7.1 thousand tons of products for Ukrainian and foreign consumers. The production campaign started on January 31 and lasted for two weeks seven days a week. It was planned to start work in mid-January, but the timing had to be adjusted due to a delay in the supply of billets for the export batch of rolled products.

During the winter campaign, the shop produced about 5,000 tons of channels under a standard tolling scheme for the Ukrainian market and 2,000 tons of products for European countries. To produce Euro profiles, we purchased a long billet and cut it into multiple lengths – this is the first time such work has been done at Mill 550, previously it was performed at Rolling Shop No. 1.

For the first time, commercial batches of channels were made from cast squares, and the production of export products from this type of billet was launched in 2024.

“Over the past two years, the rollers have done a lot of work to switch from rolled to cast billets. This made it possible to reduce production costs. Now we are continuing this work: during the winter campaign, the shop mastered the production of channel 22 from a cast billet with a cross section of 200×200 mm. Previously, this type of profile was made exclusively from rolled billets of 135×280, so suppliers had to additionally roll the billets produced by the CCM to the required parameters. The experiment was successful, and in the next campaign we plan to produce a commercial batch of channel 22 from a cast billet,” explained Yuriy Mikhailov, Deputy General Director for Metallurgical Production.

The plant continued experiments to master the production of R-34 rail products, which were previously manufactured at Mill 800: the billet was rolled through the first stand and templates were taken for analysis.

“The campaign lasted longer than planned due to the experiments and certain difficulties encountered when rolling channels from cast billets. There were stoppages due to breakdowns of crane equipment and the lower shaft of stand No. 7. But in general, the shop was well prepared and worked well. Almost all of the products have been shipped to customers, and we have no comments on quality,” stated Mikhailov.

Rolling Shop No. 2 is currently repairing equipment to ensure that the next production cycle is efficiently run. The second rolling campaign is expected to start in March-April.

It is also reported that all channels in accordance with DSTU 10 to 22 and the main range of Euro profiles have been converted to cast billets at Mill 550. In the next rolling campaign, the shop plans to launch production of 24 channels from cast squares. In January-February, Rolling Shop No. 2 rolled channels 10 to 30 for Ukrainian customers and Euro channels U 120, U 140, U 160, U 180 and U 200.

DMZ specializes in the production of steel, cast 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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DMZ and Sukha Balka mine paid UAH 903.4 mln in taxes in 2024

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, paid UAH 498.9 million in taxes in 2024, down 24.1% from UAH 657 million in 2023.

According to DCH Steel’s corporate newspaper on Thursday, in 2024, DMZ paid UAH 196.7 million in value added tax, UAH 92.9 million in land rent, UAH 88.1 million in unified social tax, and UAH 77.3 million in personal income tax.

In addition, Sukha Balka mine (Kryvyi Rih, Dnipropetrovska oblast), which is also part of Aleksandr Yaroslavskyi’s DCH group, paid UAH 404.5 million in taxes. The most significant payments in the mine’s payment structure are rent for subsoil use – UAH 162.1 million, personal income tax – UAH 117.3 million, and unified social tax – UAH 76.1 million.

In 2024, DMZ and Sukha Balka mine paid a total of UAH 903.4 million in taxes and fees to the budgets of all levels.

As reported, in the first half of 2024, DMZ paid UAH 292 million in taxes, including UAH 129 million in VAT, UAH 28 million in income tax, UAH 43 million in unified social tax, UAH 38 million in personal income tax and UAH 54 million in other taxes.

The total amount of taxes paid by Sukha Balka Mine in this period amounted to UAH 167 million. In particular, it includes rent for the use of subsoil for the extraction of minerals (iron ore) – UAH 80 million, unified social tax – UAH 37 million, personal income tax – UAH 34 million, and other taxes – UAH 16 million.

In 2023, DMZ paid more than UAH 657 million in taxes, up 64% compared to 2022. In the structure of payments to the budgets of all levels, the largest amount of value added tax was UAH 277.5 million.
Income tax amounted to UAH 122 million, and unified social tax, rent and other contributions amounted to UAH 257 million.

DMZ specializes in the production of steel, cast iron, rolled products and products made from them. On March 1, 2018, DCH Group signed an agreement to buy DMZ from Evraz.
Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. It includes Yubileynaya and Frunze mines. DCH Group acquired the mine from Evraz Group in May 2017.

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DMZ reduced rolled steel production by 59% in 2024

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH group, reduced rolled steel production by 59.4% in 2024 compared to 2023, to 42.9 thousand tons.

According to information in the corporate newspaper DCH Steel on Thursday, the company did not produce steel products in December, while in November it produced 7.1 thousand tons of rolled metal.

“The production campaign at rolling shop No. 2 will begin in the third decade of January and will include the production of channels of various sizes: from 10 to 30,” the statement said.

Coke production in 2024 decreased by 1.2% to 289.1 thousand tons. In December, coke production decreased by 2% compared to November 2024, to 23 thousand tons.

At the same time, DMZ produced 5.2 thousand tons of rolled metal products and 23.9 thousand tons of coke in December 2023.

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

In 2022, the plant reduced its 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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Yaroslavskyy’s DMZ reduced rolled products output by 57.3%

PJSC Dniprovsky Metallurgical Plant (DMZ), a part of DCH Steel of DCH group of businessman Oleksandr Iaroslavskyi, reduced production of rolled products by 57.3% in January-November this year compared to the same period last year – to 42.9 thousand tons.
According to information in DCH Steel’s corporate newspaper on Thursday, the company produced 7.1 thousand tons of rolled steel in November, down 12% for November-2023.
“Rolling Shop No. 2 conducted another work campaign in November, rolling channels of various grades – from 8 to 30. Now in PC-2 they are finalizing the shipment of products and carrying out repairs of the main equipment. The next rolling campaign is scheduled for January 2025”, – stated in the information.
Coke output for 11 months of 2024 decreased by 1% to 266.1 thousand tons. In November, coke production remained at the level of November-2023 – 23.5 thousand tons.
As reported, DMZ in 2023 increased output of rolled metal products by 86.2% compared to 2022 – to 105.6 thousand tons, coke – by 38.5%, to 292.7 thousand tons.
In 2022, the plant reduced the production of rolled products by 74.2% compared to 2021 – to 58.4 thousand tons, 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.

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Yaroslavsky’s DMZ cuts rolled steel output by 61.2%

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, reduced rolled steel production by 61.2% year-on-year to 35.8 thousand tons in January-October this year.
According to a report in DCH Steel’s corporate newspaper on Thursday, the company did not produce rolled steel in October, selling products made in previous periods. At the same time, the company shipped 2.1 thousand tons of rolled steel last month, while in October 2023 it produced 9.2 thousand tons.
“In October, rolling shop No. 1 drilled holes in rails before shipping them to customers. Rolling Shop No. 2 was preparing for a new rolling campaign, which is scheduled to start on November 11,” the company said in a statement.
Coke production for 10 months of 2024 decreased by 1.2% to 242.6 thousand tons. In October, coke production increased by 1.9% month-on-month to 24.5 thousand tons. In October 2023, 26.5 thousand tons of metallurgical 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.

“Dneprovsky Iron and Steel Works” reduced rolled steel output by 57%

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH group, reduced rolled steel production by 56.9% year-on-year to 35.8 thousand tons in January-September this year.
According to information in the corporate newspaper DCH Steel on Thursday, in September, the company produced 1.98 thousand tons of rolled steel, in August, the plant did not produce rolled metal, but rolling shop No. 2 shipped to consumers 2.3 thousand tons of steel products produced earlier. In September 2023, the company produced 8.6 thousand tons of rolled metal products.
“In September, rolling shop No. 1 was put into operation, where the company produced mainly R-34 ore rails and R-43 rails. The company is currently in the process of launching the rolling mill at Rolling Shop No. 2, which is scheduled to start in November,” the company said.
At the same time, coke production in the first nine months of 2024 decreased by 0.4% to 218.1 thousand tons. In September, coke production decreased by 1.2% compared to the previous month to 24.1 thousand tons. In August 2023, the plant produced 20.9 thousand tons of metallurgical coke.
As reported, in 2023, DMZ increased its rolled metal output by 86.2% compared to 2022, up to 105.6 thousand tons, and coke 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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