Business news from Ukraine

Business news from Ukraine

“Zaporizhstal” increased rolled steel output by 38%

In January-July this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 38% year-on-year to 1.435 million tons from 1 million 40.2 thousand tons.
According to the company’s information on Friday, steel production during this period increased by 37.9% to 1 million 737.1 thousand tons, and pig iron production by 27.1% to 1 million 789.5 thousand tons.
In July, Zaporizhstal produced 261.9 thousand tons of iron, 250.8 thousand tons of steel, and shipped 202 thousand tons of rolled products.
It is also recalled that in 2023, the plant operated at an average of 70% of its capacity.
As reported, in 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.
“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.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.

,

Ukraine’s rolled steel market grew by 7.7%

In January-June of this year, Ukrainian enterprises increased their consumption of rolled metal products by 7.73% year-on-year to 1 million 736.4 thousand tons.
According to a press release issued by Ukrmetallurgprom on Monday, 592.4 thousand tons, or 34.12% of the domestic rolled metal consumption market, were imported during this period.
According to Ukrmetallurgprom, in January-June 2024, steel companies produced 3.140 million tons of rolled metal products (132.3% compared to the same period in 2023), of which, according to the State Customs Service of Ukraine, about 1.996 million tons, or 63.6%, were exported. In January-June 2023, the share of exports amounted to 52.9% (1.257 million tons with a total production of 2.374 million tons of rolled steel).
The share of semi-finished products in export deliveries in the first half of 2024 was 45.39%, which is the same as in January-June 2023 (45.90%). The share of flat products in export deliveries in January-June 2024 is significantly higher than in the same period of 2023 (41.73% and 33.65%, respectively). The share of long products is significantly lower than in January-June 2023 (12.88% in 2024 vs. 20.45% in 2023).
“In the first six months of 2024, the domestic market capacity amounted to 1 million 736.4 thousand tons of rolled steel, of which 592.4 thousand tons, or 34.12%, were imported. In January-June 2023, the domestic market capacity amounted to 1 million 611.8 thousand tons, of which 494.8 thousand tons, or 30.17%, were imported. Thus, in the first six months of 2024, there was an increase in the domestic market capacity compared to the first six months of 2023 – by 7.73%, with a simultaneous increase in the share of the import component by 3.42%,” the press release states.
The structure of imports for the first six months of 2024 is still characterized by a significant dominance of flat products over long products (80.06% and 18.30%, respectively); in January-June 2023, the dominance of flat products over long products was also significant (78.88% and 20.09%, respectively).
According to the State Customs Service, the main export markets for Ukrainian rolled steel products in January-June 2024 were the European Union (77.1%), the rest of Europe (6.9%) and Africa (6.4%).
Among metallurgical importers in January-June 2024, the first place was taken by other European countries (46.5%), the second by the EU-27 (31%), and the third by Asian countries (20.5%).
As reported, Ukraine’s rolled steel market grew 2.19 times in 2023 compared to 2022, to 3 million 505.6 thousand tons. The company imported 1 million 118.6 thousand tons, or 31.91% of the domestic rolled metal consumption market.

Yaroslavsky’s DMZ cuts rolled steel production by 40.5%

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, cut rolled steel production by 40.5% year-on-year to 33.8 thousand tons in January-June this year.
According to a report in DCH Steel’s corporate newspaper on Thursday, coke production during this period increased by 1.1% to 143.5 thousand tons.
At the same time, in June 2014, DMZ reduced its rolled steel output by 83.2% compared to June 2013 and by 69.2% to 2.4 thousand tons compared to the previous month. Metallurgical coke production in June decreased by 26.9% compared to June 2023 and by 3.6% compared to the previous month to 24.4 thousand tons.
In addition, during the regular rolling campaign, which lasted 13 days in May and June, Rolling Shop No. 2 produced about 10 thousand tons of products, most of which have been sold to date. However, due to a lack of orders, the next rolling campaign was postponed. In turn, rolling shop No. 1 is scheduled to start rolling in the third decade of July.
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 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.

, ,

“Zaporizhstal” increased rolled steel output by 46%

In January-June this year, Zaporizhzhia-based Zaporizhstal Iron and Steel Works increased its rolled steel output by 46.1% year-on-year to 1 million 233.5 thousand tons from 844.2 thousand tons.
According to the company’s information on Tuesday, steel production during this period increased by 45.9% to 1 million 486.4 thousand tons, and pig iron by 33.3% to 1 million 527.3 thousand tons.
In June, Zaporizhstal produced 237 thousand tons of iron, 236.7 thousand tons of steel, and shipped 183 thousand tons of rolled products.
As reported, in 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.
“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.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.

,

“Zaporizhstal” increased rolled steel output by 47.4%

In January-May of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 47.4% year-on-year to 1 million 48.8 thousand tons from 711.6 thousand tons.

According to the company, steel production during this period increased by 45.4% to 1 million 249.5 thousand tons, and pig iron production by 36.3% to 1 million 290.4 thousand tons.

In May, Zaporizhstal produced 240 thousand tons of pig iron and 240.2 thousand tons of steel, and shipped 204 thousand tons of rolled products.

As reported earlier, in 2023, Zaporizhstal increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons, steel by 65.4%, to 2 million 466.9 thousand tons, and pig iron by 35.3%, to 2 million 718.9 thousand tons.

“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.

“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).

Metinvest Holding LLC is the management company of Metinvest Group.

,

Ukraine’s rolled steel market down 14%, with imports accounting for 35% of total

In January-April this year, Ukrainian enterprises reduced consumption of rolled metal products by 13.89% year-on-year to 1 million 6.6 thousand tons.

According to a press release from Ukrmetallurgprom, 351.6 thousand tons, or 34.93% of the domestic rolled metal consumption market, were imported during this period.

According to Ukrmetallurgprom, in January-April 2024, steel companies produced 1.973 million tonnes of rolled metal products (130.5% compared to the same period in 2023), of which, according to the State Customs Service of Ukraine, about 1.318 million tonnes, or 66.8%, were exported. In January-April 2023, the share of exports amounted to 42.9% (634 thousand tons with a total production of 1.512 million tons of rolled steel).

The share of semi-finished products in export deliveries in January-April 2024 was 45.45%, which is significantly lower than in January-April 2023 (49.37%). The share of flat products in export deliveries in the first four months of 2024 is significantly higher than in January-April 2023 (40.36% and 28.86%, respectively). The share of long products is significantly lower than in January-April 2023 (14.19% in 2024 vs. 21.77% in 2023).

“In the first four months of 2024, the domestic market capacity amounted to 1 million 6.6 thousand tons of rolled steel, of which 351.6 thousand tons, or 34.93%, were imported. In January-April 2023, the domestic market capacity amounted to 1.169 million tons, of which 291 thousand tons, or 24.89%, were imported. Thus, in the first four months of 2024, there was a decrease in the domestic market capacity by 13.89% compared to the first four months of 2023, with a simultaneous increase in the share of the import component by 10.04%,” the press release states.

The structure of imports for the first four months of 2024 is still characterized by a significant dominance of flat products over long products (82.88% and 15.27%, respectively); in January-April 2023, the dominance of flat products over long products was also significant (79.86% and 18.97%, respectively).

According to the State Customs Service, the main export markets for Ukrainian rolled steel products in January-April were the European Union (81.6%), the rest of Europe (5.6%) and South America (4.5%).

Other European countries ranked first among metallurgical importers in the period under review (44.5%), followed by the EU-27 (37.9%) and Asia (16.7%).

As reported, Ukraine’s rolled metal market grew 2.19 times in 2023 compared to 2022, to 3 million 505.6 thousand tons. The company imported 1 million 118.6 thousand tons, or 31.91% of the domestic rolled steel consumption market.

In 2023, Ukrainian steelmakers produced 5.37 million tons of rolled metal products (100.4% compared to 2022), of which, according to the UAVtormet Expert and Scientific Council, about 2.99 million tons, or 55.6%, were exported.

In 2022, the share of exports amounted to 81.7% (4.37 million tons with a total production of 5.35 million tons of rolled metal products).

The share of semi-finished products in export deliveries in 2023 was 40.30%, which is significantly lower than in the same period in 2022 (43.45%). The share of flat products in exports for the year is also significantly higher than a year earlier (40.41% and 36.34%, respectively). At the same time, the share of long products is comparable to the figure for the previous similar reporting period (19.53% in 2023 vs. 20.21% in 2022).

In 2023, the domestic market capacity amounted to 3,505.6 thousand tons of rolled steel, of which 1,118.6 thousand tons, or 31.91%, were imported. In 2022, the domestic market capacity amounted to 1598.6 thousand tons, of which 621.6 thousand tons, or 38.88%, were imported. Thus, in 2023, there was an increase in the domestic market capacity by 119.29% compared to 2022, while the share of the import component decreased by 6.98%.

The structure of imports last year was still characterized by a significant dominance of flat products over long products (76.08% and 23.87%, respectively); in 2022, the dominance of flat products over long products was also significant (68.69% and 30.41%, respectively).

According to UAVtormet, the main export markets for Ukrainian steel products in 2023 were the EU (82%) and the rest of Europe (7.5%).

Among metallurgical importers in 2023, the first place was occupied by other European countries (42.4%), the second by the EU-27 (37.3%), and the third by Asian countries (18.2%).

,