Business news from Ukraine

ZAPORIZHSTAL CUTS PRODUCTION OF ROLLED PRODUCTS BY 47% IN H1 2022

In January-June 2022, Zaporizhstal reduced output of rolled products by 46.6% compared to the same period last year, to 839,400 tonnes.
According to the enterprise on Friday, steel production decreased by 53.6% over six months of 2022, to 922,300 tonnes, and cast iron – by 48.1%, to 1.134 million tonnes.
In June of this year, the steel plant produced 146,900 tonnes of cast iron (43.1% compared to June 2021), 69,600 tonnes of steel (21.2%), 83,000 tonnes of rolled metal (50.2%).
“The decline in production compared to the same period last year is associated with a shortage of raw materials and logical problems caused by full-scale hostilities on the territory of Ukraine,” the press release explains.
At the same time, it is recalled that in connection with the aggravation of hostilities in the region since the beginning of March, Metinvest Group has transferred part of the equipment of Zaporizhstal to the hot conservation mode. At the end of March, Zaporizhstal partially resumed the work of the cold rolling shop for production and shipment of cold rolled coils to the European consumer. A month after the forced shutdown, the plant took the equipment out of conservation and partially resumed production. Since April 2022, the plant has been operating at an average of 50% of its capacity.
It is also reported that the Ukrainian defenders received another batch of ammunition and drones from Zaporizhstal of Metinvest Group. So, over the past two weeks, Zaporizhstal has handed over 2,100 body armor, 1,000 Kevlar helmets, as well as three reconnaissance drones to the servicemen of the National Guard of Ukraine and the territorial defense, who protect Zaporozhia and Dnipropetrovsk regions.
Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries of the world.

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CANADA AFTER MORE THAN 20 YEARS CANCELED 77% DUTY ON UKRAINIAN ROLLED PRODUCTS

During the next revision of the duties introduced back in 2001 on hot-rolled carbon and alloy steel sheet and strip from Brazil, China, India and Ukraine, Canada refused to extend the 77% duty on goods from Ukraine.
“The Tribunal reversed its ruling regarding the dumping of such goods exported or originating in Ukraine. The Tribunal found that continuing or resuming the dumping of these goods is unlikely to result in harm,” the Canadian International Trade Terminal said on the website of the Government of Canada.
With regard to products from Brazil, China and India, restrictive measures have been maintained.
“Since August 2001, duties of 77% have been imposed on hot-rolled carbon steel products originating from Ukraine in Canada, which effectively deprived our producers of an economic incentive to export their products to Canada. After 20 years, finally, Ukrainian steel products can again be exported to Canada “, – commented on this decision, Ambassador of Ukraine Yulia Kovaliv on Facebook.

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ILLICH STEEL WORKS RAISES UP PRODUCTION OF ROLLED PRODUCTS BY 12%

Mariupol-based Illich Iron and Steel Works (Donetsk region), part of Metinvest Group, increased the output of general rolled products in January 2022, according to recent data, by 9.6% compared to 2020, to 390,000 tonnes.
As the enterprise told Interfax-Ukraine, steel production during this period increased by 5.3%, to 380,000 tonnes, cast iron – by 0.6%, to 360,000 tonnes.
In December, Illich Steel Works produced about 340,000 tonnes of general rolled products, 360,000 tonnes of steel, and 420,000 tonnes of cast iron.
Illich Iron and Steel Works is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart Holding (23.76%), jointly managing the company.

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DNIPROSPETSSTAL RAISES UP OUTPUT OF ROLLED PRODUCTS IN JAN-NOV

Dniprospetsstal electrometallurgical plant (Zaporizhia) in January-November this year increased output of finished rolled products, according to recent data, by 0.7% year-over-year, to 142,000 tonnes.
As a representative of the enterprise told Interfax-Ukraine, steel production during this period decreased by 2.9%, to 199,000 tonnes.
In November, 12,000 tonnes of steel and 10,000 tonnes of rolled products were produced.
As reported, Dniprospetsstal in 2020 increased output of finished rolled products by 1.3% compared to 2019, to 154,000 tonnes, and steel by 2.7%, to 225,000 tonnes.
Dniprospetsstal is the only Ukrainian manufacturer of long products and forgings from special grades of steel: stainless, tool, high-speed, bearing, structural, as well as from heat-resistant nickel-based alloys.

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ILLICH STEEL WORKS RAISES UP ROLLED PRODUCTS PRODUCTION BY 13% IN JAN-NOV

Mariupol-based Illich Iron and Steel Works (Donetsk region), part of Metinvest Group, in January-November this year increased production of general rolled products, according to recent data, by 13% year-over-year, to 3.78 million tonnes.
As the company told Interfax-Ukraine, steel production during this period increased by 5.5%, to 3.9 million tonnes, and cast iron – by 7.4%, to 4.64 million tonnes.
In November, the plant produced about 360,000 tonnes of general rolled products, 350,000 tonnes of steel, and 460,000 tonnes of cast iron.
According to information from Metinvest Mariupol, the plant is completing the replacement of gas purifiers in a limestone firing building of an agglomeration shop. “Modern flat-bag filters will appear instead of outdated cyclones. Three firing machines have already been equipped with new cleaning equipment. Work is underway on the last one, the fourth,” the press release explains.
All work is planned to be completed by the end of this year. The environmental effect of the project is a reduction in the amount of dust by 82%.
Investments in reconstruction amount to UAH 200 million.

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UKRAINE INCREASES PRODUCTION OF ROLLED PRODUCTS AND STEEL BY 5%, CAST IRON BY 4.6% IN JAN-NOV

Ukrainian metallurgical enterprises in January-November this year increased production of general rolled products, according to recent data, by 5% compared to the same period last year, to 17.549 million tonnes.
According to the Ukrmetalurgprom association on Thursday, over 11 months, steel production also increased by 5%, to 19.639 million tonnes, and cast iron – by 4.6%, to 19.443 million tonnes.
In November, 1.563 million tonnes of rolled products, 1.736 million tonnes of steel, and 1.719 million tonnes of cast iron were produced, while in the previous month – 1.487 million tonnes of rolled products, 1.602 million tonnes of steel, and 1.564 million tons of cast iron.

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