Business news from Ukraine

Business news from Ukraine

Metinvest mastered production of 11 new types of products during war

In 2025, the metallurgical enterprises of the Metinvest mining and metallurgical group began production of 11 new types of products, including a joint venture, the Zaporizhstal plant, which mastered the production of three new products.

According to the group’s press release on Tuesday, having operated under conditions of full-scale Russian invasion for almost four years, Metinvest remains the country’s economic and industrial backbone. Overall, during more than a decade of Russia’s war against Ukraine, the group has managed to establish the production of 433 new products.

Last year, the company mastered new positions in the segments of semi-finished products and rolled products (four each), hot-rolled coils and sheets (two), and cold-rolled coils and sheets (one). The lion’s share of new products was produced by the Kametstal and Zaporizhstal plants. One product was mastered by the group’s Bulgarian rolling mill, Promet Steel.

It is specified that Kametstal has established the production of four types of continuously cast billets measuring 335×400 mm from various steel grades used for the manufacture of pipe products.

Zaporizhstal has mastered two types of hot-rolled coils: a new coil size in the S235JR grade (1.8×1045 mm) and products made of S235JRC steel, which is suitable for cold forming by bending and profiling. Both products are manufactured in accordance with European standard EN 10025-2 and are used in the construction and machine-building industries for the production of steel structures, pipes, and closed profiles for structural purposes.

The company has also mastered the production of cold-rolled coils made of S280GD steel, the chemical composition and mechanical properties of which comply with the European standard EN 10346. These products are intended for further processing, profiling, and the application of protective coatings. These coils are used to produce lightweight thin-walled steel structures for construction, load-bearing and decorative elements of facade systems, etc.

The Kametstal plant has also established the production of reinforcing steel for the Polish and Romanian markets. B500SP reinforcement complies with the Polish construction standard and is used to strengthen concrete. B500C reinforcing steel for Romania, which has a similar strength level, is characterized by increased plasticity, which allows it to be used in more complex and earthquake-resistant structures.

In addition, Kametstal has mastered the production of 100 mm diameter grinding balls of the fifth hardness group according to the Ukrainian standard DSTU 8538. They are used in the mining and metallurgical industry for grinding ore, concentrates, or intermediate products in drum-type ball mills.

Last year, the Promet Steel plant began producing reinforcing bars in accordance with the MKS 1021:2019 standard for the North Macedonian market. The product is designed for reinforcing concrete structures and is used in construction. It has a corrugated surface for reliable adhesion to concrete and is suitable for welding, ensuring the strength and safety of reinforced concrete structures.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in the European Union, the United Kingdom, and the United States. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

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Zaporizhkox increased production by 2.7% in 10 months

PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and chemical products and a member of the Metinvest Group, increased its blast furnace coke production by 2.7% in January-October this year compared to the same period last year, from 729,100 tons to 748,700 tons.

According to the company, 79 thousand tons of coke were produced in October, compared to 77.1 thousand tons in the previous month.

As reported, Zaporizhkox increased its production of blast furnace coke by 2.1% in 2024 compared to 2023, to 874,700 tons from 856,800 tons.

In 2023, Zaporizhkox increased its output of blast furnace coke by 16% compared to 2022, to 856,800 tons from 737,400 tons.

Zaporizhkox has a complete technological cycle for processing coke chemical products.

Metinvest is a vertically integrated mining group of companies. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

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Ukrgraphite plans contract worth up to €50 mln to supply products to UK

PJSC Ukrainian Graphite (Ukrgraphite, Zaporizhia) intends to conclude an agreement to supply graphite products to the UK by the end of the year worth up to EUR50 million.

According to the company, the board of directors of Ukrgraphite has decided to “conclude a foreign economic contract for the supply of graphite products with CARBON CONSTRUCTION & TRADING LIMITED, Edinburgh, UK, valid until December 31, 2025, unless a longer term is agreed with the counterparty, for an amount not exceeding €50 million.” Edinburgh, United Kingdom, valid until December 31, 2025, unless a longer term is agreed with the counterparty, for an amount not exceeding EUR 50 million or its equivalent in the national currency of Ukraine or US dollars.”

It is specified that such plans were approved based on the decision of the general meeting of shareholders to give preliminary consent to the company’s board of directors to perform significant transactions regarding the conclusion of agreements, deals, and contracts with the relevant counterparty.

In accordance with the law, the market value of the property or services that are the subject of the transaction is UAH 2 billion 427.510 million.

The value of the issuer’s assets, according to the latest annual financial statements, is UAH 4 billion 384.136 million.

Eight of the nine elected members participated in the board of directors meeting and voted unanimously.

Ukrgrafit is a leading Ukrainian manufacturer of graphite electrodes for electric steel melting, ore-thermal, and other types of electric furnaces, commercial carbon masses for Soderberg electrodes, and carbon-based refractory materials for metallurgical, machine-building, chemical, and other industrial complexes.

According to the National Depository of Ukraine (NDU) for the first quarter of 2025, Intergraphite Holdings Company Limited (Malta) owns 23.9841% of the private joint-stock company, and C6 Safe Group Limited (Cyprus) owns 72.0394%.

The authorized capital of the private joint-stock company is UAH 233.959 million, and the nominal value of a share is UAH 3.35.

 

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Zaporizhkox increased production by 2.2%

PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and chemical products and a member of the Metinvest Group, increased its blast furnace coke production by 2.2% in January-September this year compared to the same period last year, from 655,300 tons to 669,700 tons.

According to the company, 77.1 thousand tons of coke were produced in September, compared to 79.6 thousand tons in the previous month.
As reported, in 2024, Zaporizhkox increased its production of blast furnace coke by 2.1% compared to 2023, to 874.7 thousand tons from 856.8 thousand tons.

In 2023, Zaporizhkox increased its output of blast furnace coke by 16% compared to 2022, to 856,800 tons from 737,400 tons.
Zaporizhkox has a complete technological cycle for processing coke chemical products.

Metinvest is a vertically integrated mining group of companies. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

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China raises duties on US products from 34% to 84%

The Chinese authorities have decided to raise duties on US products from 34% to 84%, The Global Times reported on Wednesday, citing the Commission on Customs Tariffs under the State Council of the People’s Republic of China. The new tariffs are to come into effect on April 10 at 12:01 a.m. local time (7:01 a.m. ET).

In turn, Chinese state media reported that the Chinese authorities added 6 US firms to the list of unreliable organizations and 12 US entities to the list of legal entities subject to export controls.

Earlier, US President Donald Trump, having received no signals of concessions from Beijing, signed a decree to increase duties on goods from China. According to the decree, the additional 34% duty previously announced by Trump is being increased by 84%. Thus, taking into account the 20% duties that Trump imposed on goods from China in the first term of his presidency, the duties now amount to 104%.

Last week, the Chinese authorities decided to impose additional duties of 34% on goods from the United States starting April 10.

CNBC noted that the United States was ready to reconsider its position on raising duties on Chinese goods if China abandoned its retaliatory duties on American goods. However, Beijing stated that it was not going to make concessions.

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“Metinvest” launches production of 25 new products

Metinvest Group’s metallurgical enterprises in Ukraine have launched production of 25 new products in 2023, including the joint venture Zaporizhstal, which has mastered the production of 14 new products.

According to the group’s press release on Tuesday, despite Russia’s full-scale invasion of Ukraine that has been going on for almost two years, Metinvest remains the country’s economic and industrial backbone. The Group’s enterprises have launched new products, including partially compensating for the production of assets in the temporarily occupied Mariupol.

Most of the new products were launched in the semi-finished products segment, including hot-rolled coils and long products (seven each) and cold-rolled and galvanized coils (two each). Zaporizhstal and Kametstal accounted for the lion’s share of new products. The Group’s galvanized steel producer, Unisteel, launched two new types of products.

It is specified that Zaporizhstal started producing slabs of various sizes from steel grades S235, S275, and S355 as semi-finished products. These products are supplied to Metinvest’s European assets, where they are used to make hot-rolled plates and coils. For its part, Kametstal has mastered the production of two types of square billets – continuously cast and hot-rolled – from new steel grades and with increased requirements for structure and properties. The plant now uses these semi-finished products for its own production of long products and wire rod and supplies them to customers in Ukraine and Europe.

As part of its hot-rolled, cold-rolled and galvanized coils and sheets product range, Zaporizhstal has started producing seven types of rolled products for the construction and machine-building industries in accordance with European, American and Ukrainian standards. In particular, the plant has launched the production of S355J2 coils in accordance with the European standard EN 10025-2 and its Ukrainian counterpart DSTU EN 10025-2. The products have been tested and received confirmation of conformity from an international certification center. Hot-rolled steel products made of S355J2 steel produced in Zaporizhzhia are already successfully supplied to Poland, Romania and other European countries.

In addition, this year Zaporizhstal has mastered the production of cold-rolled coils from structural steel grades S320GD and S350GD for galvanizing. Previously, this semi-finished product was supplied by Ilyich Iron and Steel Works of Mariupol for protective coating. The launch of this product at Zaporizhstal allowed Unisteel to resume production and supply of structural galvanized coils used in the manufacture of steel structures.

The press release emphasizes that cooperation between Zaporizhstal and Unisteel has also been strengthened through other areas of cooperation. In 2023, the plant’s cold rolling shop completed the process of mastering the technology of cutting galvanized coils into sheets, which made it possible to significantly increase the sales of such products in the domestic market.

In terms of long products, Kametstal mastered new technologies and started production of steel grinding balls with diameters of 25 and 100 mm, as well as SVP27 profiles for the mining and metallurgical sector. The plant also produced two types of wire rod – 7.5 mm in diameter from SAE 1008 grade according to the American standard and 8 mm in diameter from European C80D2 steel. The products are used for wire drawing, rope manufacturing and hardware production.

“KAMETSTAL also started production of A500C rebar with a diameter of 36 mm. Such rolled products are in demand for critical construction and infrastructure projects and are used to build bridges, shelters and multi-storey buildings. For the machine-building industry, the plant has launched mass production of hot-rolled rounds with a diameter of 42 mm, which are used to create parts and structural elements for machinery and equipment.

“Metinvest is a vertically integrated group of steel and mining companies. The Group’s enterprises are mainly located in Donetsk, Luhansk, Zaporizhzhia and Dnipropetrovs’k regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it. Metinvest Holding LLC is the management company of Metinvest Group.

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