In 2023, Zaporizhstal Iron and Steel Works donated 767 tons of medical oxygen to Ukrainian hospitals free of charge.
According to the company, Zaporizhstal produces medical oxygen at the VRU-60 air separation unit in the oxygen compressor shop: atmospheric air is purified, compressed and separated into components. Zaporizhstal’s oxygen has been certified by the Ministry of Health of Ukraine for use as a medical drug since 2021. Since the start of shipments, the plant has supplied nearly 6,500 tons of oxygen to more than 100 hospitals in 17 regions of Ukraine.
Due to the full-scale war in Ukraine, the volume and geography of oxygen supplies have significantly decreased, but have not stopped. On average, Zaporizhstal shipped 64 tons of medical oxygen per month in 2023 at the request of medical institutions. The total amount of medical oxygen supplied to hospitals during this period amounted to 767 tons. The largest consumers were Zaporizhzhia city hospitals, the clinical hospital of emergency and ambulance services, and the children’s hospital.
Medical oxygen is intended for oxygen therapy in conditions accompanied by oxygen deficiency: respiratory diseases, cardiovascular diseases, surgical operations, etc. In particular, oxygen therapy is used to treat the acute respiratory disease COVID-19 caused by the SARSr-CoV coronavirus. During treatment, one ton of oxygen covers the needs of about one hundred patients.
“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 around the world.
“Zaporizhstal is in the process of integration into Metinvest Group, whose major shareholders are System Capital Management PrJSC (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
In 2023, Zaporizhzhia-based Zaporizhstal Iron and Steel Works increased its rolled steel output by 57.2% compared to 2022, to 2 million 54.7 thousand tons.
According to the company’s information on Friday, steel production for the year increased by 65.4% to 2 million 466.9 thousand tons, and pig iron production by 35.3% to 2 million 718.9 thousand tons.
In 2023, the plant operated at an average of 70% of its capacity.
In December, Zaporizhstal produced 265.5 thousand tons of iron, 228.6 thousand tons of steel, and shipped 206.5 thousand tons of rolled products, compared to 262.7 thousand tons of iron, 240.8 thousand tons of steel, and 195.6 thousand tons of rolled products in the previous month, and 141.9 thousand tons of iron, 70.7 thousand tons of steel, and 57.7 thousand tons of rolled products in December 2022.
“The increase in production in December 2023 compared to December 2022 is due to the removal of blast furnace No. 2 from hot mothballing and the establishment of three blast furnaces,” the press release explains.
As noted, enemy shelling and destruction, interruptions in the supply of raw materials and energy, and disruption of logistics routes for the export of finished products due to the blockade of seaports in 2023 led to a reduction in steel and rolled products production at Zaporizhstal compared to pre-war levels. However, compared to 2022, the steelmaker increased production of steel products by increasing capacity utilization, finding new logistics routes for raw materials and sales, and expanding its product portfolio.
“The implemented anti-crisis solutions allowed us to stabilize the production process and refocus on more efficient work in the ever-changing wartime environment, maintain production and retain our team. In 2024, we plan to maintain production volumes, and, given the favorable conditions on foreign markets and demand for rolled steel in the domestic market, to increase production capacity utilization,” said Roman Slobodianiuk, CEO of Zaporizhstal, as quoted by the press service.
As reported, in 2022, Zaporizhstal reduced its rolled steel output by 60.4% compared to 2021, to 1 million 304.3 thousand tons, steel by 61.7%, to 1 million 491.3 thousand tons, and pig iron by 54.3%, to 2 million 9.9 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 Iron and Steel Works of Zaporizhzhia has re-commissioned a pulverized coal injection (PCI) unit to reduce the cost of pig iron production.
According to the company’s Facebook post, the equipment was temporarily suspended due to unstable power supply and logistical constraints associated with the full-scale war.
“Now, thanks to the team of #Zaporizhstal blast furnace workers, the equipment is back in operation and operates by blowing pulverized coal into the blast furnaces. The use of pulverized coal technology reduces the cost of pig iron without affecting its quality and increases the productivity of Zaporizhstal’s blast furnaces,” the plant said in a statement.
As reported earlier, Zaporizhstal switched to the use of energy-efficient PCI technology in blast furnace production in October 2011: the project was launched in the first quarter of 2008, and the contract for the supply of technology and equipment was signed in 2006 with the German company Küttner.
The plant became the third steelmaker in Ukraine to implement PCI technology, following Donetsk Iron and Steel Works (DMZ) and Alchevsk Iron and Steel Works (Luhansk Oblast). The technology involves feeding wet PCI coke to grinding mills, where the coal is ground to dust, or particles smaller than 90 microns. It is then dried and blown into the combustion chamber – the blast furnace furnace.
“Zaporizhstal recouped the cost of constructing the pulverized coal plant worth about UAH 1 billion, including UAH 350 million for the construction of the basic coal storage facility (BCF), in 1.5 years after commissioning. The use of the PCI technology made it possible to increase the productivity of blast furnaces by an average of 10-15%.
“In the first nine months of 2023, Zaporizhstal reduced its net loss by 91.8% compared to the same period in 2022, to UAH 236.623 million from UAH 2 billion 883.850 million, while its net income for the period increased by 9.2% to UAH 41 billion 329.014 million. Retained earnings as of the end of September 2023 amounted to UAH 28 billion 961.786 million.
“Zaporizhstal ended 2022 with a net loss of UAH 4 billion 864 million 684.828 thousand, while in 2021 it made a net profit of UAH 16 billion 809 million 158.412 thousand.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are widely known and in demand in the domestic market and in many countries around the world.
According to the NDU for the third quarter of 2023, Kyiv Securities Group LLC owns 24.5003% of Zaporizhstal shares, Midland Capital Management LLC (both Kyiv, registered at the same address) owns 11.2224%, Global Steel Investments Limited (UK) owns 12.3466%, and Metinvest B.V. (Netherlands) owns 47.0032%.
Earlier it was reported that Metinvest Group’s effective shareholding in Zaporizhstal remains at 49.9%.
“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.
In January-September of this year, PJSC “Zaporizhstal Iron and Steel Works” reduced its net loss by 91.8% compared to the same period last year – to UAH 236.623 million from UAH 2 billion 883.850 million.
According to the company’s interim report in the NSSMC’s information disclosure system, its net income for the period increased by 9.2% to UAH 41 billion 329.014 million.
Retained earnings as of the end of September 2023 amounted to UAH 28 billion 961.786 million.
As reported, Zaporizhstal ended 2022 with a net loss of UAH 4 billion 864 million 684.828 thousand, while in 2021 it made a net profit of UAH 16 billion 809 million 158.412 thousand.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are widely known and in demand in the domestic market and in many countries around the world.
According to the NDU for the third quarter of 2023, Kyiv Securities Group LLC owns 24.5003% of Zaporizhstal shares, Midland Capital Management LLC (both Kyiv, registered at the same address) owns 11.2224%, Global Steel Investments Limited (UK) owns 12.3466%, and Metinvest B.V. (Netherlands) owns 47.0032%.
Earlier it was reported that Metinvest Group’s effective shareholding in Zaporizhstal remains at 49.9%.
“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.
Metinvest Mining and Metallurgical Group, as one of the major shareholders of Zaporizhstal Iron and Steel Works, has initiated an extraordinary shareholders’ meeting to change the company’s type from PJSC to PrJSC, approve the 2015-2022 reports, distribute profits and make decisions on other important issues.
According to the company’s official announcement in the information disclosure system of the National Securities and Stock Market Commission, the extraordinary general meeting of Zaporizhstal shareholders to be held remotely is scheduled for January 29, 2024.
The agenda includes 18 items, including the approval of the appointment of KPMG Audit as the auditor for 2020-2022, approval of the company’s annual reports and balance sheets for the period from 2015 to 2022,
The meeting will also consider the distribution of profits or approval of the procedure for covering losses based on the results of operations in 2015-2022. At the same time, it is proposed to leave the net profit of UAH 1 billion 804 million 967,874 thousand received by the company based on the results of 2015, profit for 2016 in the amount of UAH 4 billion 690 million 82,987 thousand, profit for 2017 in the amount of UAH 3 billion 348 million 548,937 thousand, profit for 2018 in the amount of UAH 4 billion 719 million 208,550 thousand and profit for 2021 in the amount of UAH 16 billion 809 million 158,412 thousand undistributed.
The loss of UAH 4 billion 332 million 801,906 thousand in 2019, as well as the loss for 2020 in the amount of UAH 3 billion 678 million 76,402 thousand and the loss for 2022 in the amount of UAH 4 billion 864 million 684,828 thousand shall be covered by deferred income.
The shareholders will also approve the approval of major transactions, approve Premium Standard Appraisal LLC as a valuation entity to value the company’s property and the market value of the company’s shares, and approve the CEO’s order to approve the market value of 1 ordinary registered share of the company determined by appraisers as of the last business day preceding the day of posting the notice of the general meeting of shareholders at which the decision was made that became the basis for the mandatory share buyback.
The meeting also intends to approve a two-tier management structure, eliminating the audit committee as a controlling body. The shareholders will renew the composition of the supervisory board, which is proposed to elect Yuriy Ryzhenkov, Yulia Dankova, Svitlana Romanova and Oleksandr Myronenko as representatives of the shareholder Metinvest B.V. (Netherlands), and Ruslan Bogdanov and Pavlo Osiyuk as independent directors.
The shareholders also plan to change the company’s type from PJSC to PrJSC, adopt a new version of the charter, and confirm the powers of CEO Roman Slobodianiuk in changing the company’s type.
After registration of the amendments to the revised charter with the change of the company’s type, the powers of the supervisory board members will be terminated and it is proposed to introduce Ryzhenkov, Dankova, Romanova as representatives of the shareholder Metinvest B.V. and Bogdanov and Osiyuk as independent directors.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are widely known and in demand in the domestic market and in many countries around the world.
According to the NDU data for the third quarter of 2023, Kyiv Securities Group LLC owns 24.5003% of Zaporizhstal shares, Midland Capital Management LLC (both Kyiv, registered at the same address) owns 11.2224%, Global Steel Investments Limited (UK) owns 12.3466%, and Metinvest B.V. (Netherlands) owns 47.0032%.
Earlier it was reported that Metinvest Group’s effective shareholding in Zaporizhstal remains at 49.9%.
“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.
In January-November of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 47.9% year-on-year to 1 million 847.9 thousand tons.
According to the company’s information on Friday, steel production during this period increased by 57.6% to 2 million 238.3 thousand tons, and pig iron production by 31.3% to 2 million 453.2 thousand tons.
In November 2023, Zaporizhstal produced 262.7 thousand tons of iron, 240.8 thousand tons of steel, and shipped 195.6 thousand tons of rolled products, compared to 267.3 thousand tons of iron, 251.7 thousand tons of steel, and 208.6 thousand tons of rolled products in the previous month, and 143.9 thousand tons of iron, 85.8 thousand tons of steel, and 74.8 thousand tons of rolled products in November 2022.
“The increase in production in November 2023 compared to the same period last year is due to the removal of blast furnace No. 2 from hot mothballing and the establishment of three blast furnaces,” the press release explains.
As a reminder, due to the escalation of hostilities in the region, Metinvest Group put some of Zaporizhstal’s equipment into hot mothballing mode in early March 2022. At the end of March of the same year, the plant partially resumed the operation of its cold rolling mill to produce and ship cold-rolled coils to European customers. A month after the forced shutdown, the plant brought its equipment out of mothballing and partially resumed production. The plant is currently operating at an average of 70% of its capacity.
As reported, in 2022, Zaporizhstal reduced its rolled steel output by 60.4% compared to 2021, to 1 million 304.3 thousand tons, steel by 61.7%, to 1 million 491.3 thousand tons, and pig iron by 54.3%, to 2 million 9.9 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 around the world. The plant specializes in high-quality steel hot-rolled coils, hot-rolled sheets, cold-rolled sheets, cold-rolled coils made of carbon and low-alloy steels, as well as steel strips, ferrous tin, and bent sections.
The main consumers of the products are producers of welded pipes, automotive, transport and agricultural machinery companies, and manufacturers of household appliances.
“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.
