Business news from Ukraine

Business news from Ukraine

“Zaporizhstal” reduced its rolled steel shipments by 16% in 4 months

Zaporizhstal steelmaker Zaporizhstal in January-April of the current year decreased shipment of rolled steel by 16.1% compared to the same period of the last year – down to 530.9 thousand tons.
According to the company, steel production fell by 10.3% to 646.5 thousand tons during this period, while pig iron production dropped by 13.6%, to 717.1 thousand tons.
In April 2023, Zaporizhstal produced 231.8 thousand tons of cast iron (in April 2022 – 69 thousand tons), 252.9 thousand tons of steel (73.6 thousand tons), shipped 205.1 thousand tons of rolled steel (68.2 thousand tons).
“The increase in production levels in April 2023 compared to the same period last year is due to the withdrawal of production facilities from forced hot mothballing, caused by full-scale military operations in Ukraine”, – explained in a press release.
It is a reminder that due to aggravation of military actions in the region, since the beginning of March 2022 Metinvest Group has put some of Zaporizhstal’s equipment into hot preservation mode. At the end of March of the same year the plant partially resumed cold-rolling shop operation for production and shipment of cold-rolled coils to European consumers. A month after the forced shutdown the mill put the equipment out of conservation and partially resumed production. Since April 2022 the mill has been working at an average of 50% capacity.
As it was reported, in January-March 2023 “Zaporizhstal” decreased shipment of rolled steel by 42.3% compared to the same period in 2022 – to 325.7 thousand tons, steel melting – by 39.2% to 393.6 thousand tons, cast iron – by 36.3%, to 485.3 thousand tons. In March, 193.6 thousand tons of iron, 184.4 thousand tons of steel were produced and 150.8 thousand tons of rolled products were shipped.
“In 2022, Zaporizhstal reduced the output of rolled steel by 60.4% to 1 million 304.3 thousand tons, steel by 61.7% to 1 million 491.3 thousand tons and cast iron by 54.3% to 2 million 9.9 thousand tons compared to 2021.
“Zaporizhstal” is one of the biggest industrial enterprises in Ukraine, which products are in great demand among the consumers on the internal market and in many countries of the world. The plant specializes in high-quality steel coils, hot-rolled plates, cold-rolled plates, cold-rolled coils from carbon and low-alloyed steels, as well as steel straps, tin plates, formed sections.
Main consumers are producers of welded pipes, enterprises of automotive, transport, agricultural engineering, producers of household appliances.
“Zaporizhstal is in the process of integration into Metinvest Group the main shareholders of which are CJSC “System Capital Management” (71.24%) and Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of Metinvest group.

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“Zaporizhstal” reduced rolled steel output by 65% in 2 months

Zaporizhstal steelmaker Zaporizhstal in January-February of this year decreased the shipment of rolled steel by 65.3% compared to the same period last year – down to 174.2 thousand tons.
According to the company information, steel output fell by 67.4% to 209.2 thousand tons during this period, and pig iron output dropped by 61.5% to 291.6 thousand tons.
In February 2023, Zaporizhstal produced 125.2 thousand tons of cast iron, 119.4 thousand tons of steel, shipped 99.6 thousand tons of rolled steel.
“The decrease in production level compared to the same period last year is due to the shortage of raw materials and logistical problems caused by full-scale military actions on the territory of Ukraine. In addition, due to the massive rocket attacks on the energy infrastructure and, as a consequence, the resulting shortage of capacity in the energy system, the plant has reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
As we informed, in January-2023, the iron and steel plant reduced the shipment of rolled products by 74% compared to the same period last year, to 73 thousand tons, steel output declined by 72.7% to 89.9 thousand tons, iron – by 58.5%, to 166.4 thousand tons.
In December 2022, the company produced 142.1 thousand tons of iron, 70.8 thousand tons of steel, and shipped 56.7 thousand tons of rolled products.
“Zaporizhstal” in 2022 reduced the output of rolled steel by 60.4% compared to 2021 – to 1 million 304.3 thousand tons, steel by 61.7% – to 1 million 491.3 thousand tons, cast iron – by 54.3%, to 2 million 9.9 thousand tons.
“Zaporizhstal” is one of the biggest industrial enterprises in Ukraine, which products are in great demand among the consumers on the internal market and in many countries of the world. The plant specializes in high-quality steel coils, hot-rolled plates, cold-rolled plates, cold-rolled coils from carbon and low-alloyed steels, as well as steel straps, tin plates, formed sections.
Main consumers are producers of welded pipes, enterprises of automotive, transport, agricultural engineering, producers of household appliances.
“Zaporizhstal is in the process of integration into Metinvest Group the main shareholders of which are CJSC “System Capital Management” (71.24%) and Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.

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“Zaporizhstal” cuts output of rolled steel by 74%

Zaporizhstal steelmaker Zaporizhstal in January this year decreased steel shipments by 74% y-o-y, to 73 thsd. tons.
According to the company, steel output fell by 72.7% to 89.9 thousand tons during this period, and iron output decreased by 58.5% to 166.4 thousand tons.
In December-2022, the steel plant produced 142.1 thousand tons of pig iron, 70.8 thousand tons of steel, shipped 56.7 thousand tons of rolled steel.
“The decrease in production levels compared to the same period last year is due to the shortage of raw materials and logistical problems caused by full-scale military action in Ukraine. In addition, due to missile attacks on the energy infrastructure, there was a shortage of capacity in the national energy system, as a result of which the plant reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
As it was reported, in 2022 “Zaporizhstal” decreased the production of rolled steel by 60.4% compared to 2021 – up to 1 million 304.3 thousand tons, steel – by 61.7% to 1 million 491.3 thousand tons, iron – by 54.3%, to 2 million 9.9 thousand tons.
“Zaporizhstal” is one of the biggest industrial enterprises in Ukraine, which products are in great demand among the consumers on the internal market and in many countries of the world. The plant specializes in high-quality carbon and low-alloy steel coils, hot-rolled plates, cold-rolled sheets, cold-rolled coils, as well as steel straps, tin plates, formed sections.
Main consumers are producers of welded pipes, enterprises of automotive, transport, agricultural engineering, producers of household appliances.
“Zaporizhstal is in the process of integration into Metinvest Group the main shareholders of which are CJSC “System Capital Management” (71.24%) and Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of Metinvest group.

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“Zaporizhstal” reduced rolled steel output by 60.4%

Zaporizhstal Iron and Steel Works “Zaporizhstal” in 2022 reduced the production of rolled steel by 60.4% compared to 2021 – down to 1 million 304.3 thousand tons.
According to the company’s information, the steel output fell by 61.7% to 1 million 491.3 thousand tons over this period, and iron output decreased by 54.3% to 2 million 9.9 thousand tons.
In December 2022, the steel plant produced 142.1 thousand tons of cast iron, 70.8 thousand tons of steel, shipped 56.7 thousand tons of rolled steel.
“The decline in production levels compared to the same period of the previous year is due to the shortage of raw materials and logistical problems caused by full-scale military action in Ukraine. In addition, due to the massive rocket attacks on the energy infrastructure and, as a consequence, the lack of capacity in the energy system, the plant reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
As it was reported, Zaporizhstal in 2021 kept the output of rolled steel at the level of 2020 – 3.204 million tons, reduced steel production by 0.1% – to 3 million 778.25 thousand tons and increased the iron – by 0.1%, to 4 million 473.5 thousand tons.
“Zaporizhstal is one of the biggest industrial enterprises in Ukraine, which products are in great demand among domestic and foreign consumers. The plant specializes in high-quality carbon and low-alloy steel coils, hot-rolled plates, cold-rolled sheets, cold-rolled coils, as well as steel straps, tin plates, formed sections.
Main consumers are producers of welded pipes, enterprises of automotive, transport, agricultural engineering, producers of household appliances.
“Zaporizhstal is in the process of integration into Metinvest Group the main shareholders of which are CJSC “System Capital Management” (71.24%) and Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of Metinvest group.

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“Zaporizhstal” reduced output of rolled steel by 58.5%

Zaporizhstal steelmaker Zaporizhstal in January-November this year decreased the output of rolled steel by 58.5% compared to the same period last year to 1 million 247.2 thousand tons.
According to the company’s information on Thursday, steel production fell by 60% to 1 million 420.5 tons over that period, and iron production decreased by 53.1% to 1 million 867.8 thousand tons.
In November this year, the company produced 143.9 thousand tons of iron, 85.8 thousand tons of steel, shipped 74.4 thousand tons of rolled steel, while in the previous month – 157 thousand tons of iron, 121.8 thousand tons of steel, shipped 101.3 thousand tons of rolled steel.
“The decline in production levels compared to the same period last year is due to the shortage of raw materials and logistical problems caused by full-scale military action in Ukraine. In addition, due to the ongoing missile attacks on the energy infrastructure and, as a consequence, the resulting shortage of capacity in the energy system, the plant reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
As it was reported, in 2021 “Zaporizhstal” kept the output of rolled steel at the level of 2020 – 3.204 million tons, reduced steel production by 0.1% – to 3 million 778.25 thousand tons and increased the iron – by 0.1%, to 4 million 473.5 thousand tons.
“Zaporizhstal is one of the biggest industrial enterprises in Ukraine, which products are in great demand among domestic and foreign consumers. The plant specializes in high-quality carbon and low-alloy steel coils, hot-rolled plates, cold-rolled sheets, cold-rolled coils, as well as steel straps, tin plates, formed sections.
Main consumers are producers of welded pipes, enterprises of automotive, transport, agricultural engineering, producers of household appliances.
“Zaporizhstal is in the process of integration into Metinvest Group the main shareholders of which are CJSC “System Capital Management” (71.24%) and Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.

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UKRAINE INCREASES ROLLED STEEL BY 2%, STEEL BY 4%

Ukrainian metal and mining enterprises in January-September 2019 tentatively increased rolled steel output by 1.9% year-over-year, to 14.103 million tonnes.
According to the Ukrmetallurgprom association, steel smelting grew by 4.1%, to 16.414 million tonnes, cast iron output increased by 1.1%, to 15.471 million tonnes.
In September 2019, Ukrainian metal companies produced 1.746 million tonnes of cast iron (95.4% to the previous month), 1.759 million tonnes of steel (90.8%), and 1.583 million tonnes of rolled steel (103%).
As reported, Ukrainian metal and mining enterprises in 2018 tentatively increased rolled steel output by 1% year-over-year, to 18.446 million tonnes. Steel smelting fell by 2%, to 21.06 million tonnes, and cast iron output increased by 2%, to 20.531 million tonnes.
Ukrainian metal and mining enterprises in 2017, taking into account the two months of operation of the enterprises on the government uncontrolled areas, reduced steel output by 12% year-over-year, to 21.284 million tonnes, rolled steel – by 14%, to 18.439 million tonnes, and cast iron – by 15%, to 20.035 million tonnes.
In 2016, Ukraine boosted steel output by 6% year-over-year, to 24.2 million tonnes, cast iron – by 8%, to 23.6 million tonnes, and rolled steel – by 6%, to 21.4 million tonnes.