Business news from Ukraine

Business news from Ukraine

“Zaporizhstal” increased rolled steel output by 89%

In January-March of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 88.9% year-on-year to 615.3 thousand tons from 325.7 thousand tons.

According to the company, steel production during this period increased by 85.7% to 731 thousand tons, and pig iron production by 61.8% to 785.4 thousand tons.

In March, Zaporizhstal produced 273.1 thousand tons of iron, 260 thousand tons of steel, and 219.4 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.

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“Zaporizhstal” completes first stage of overhaul of blast furnace No. 3

Zaporizhstal Iron and Steel Works has completed the first stage of the overhaul of blast furnace No. 3.

According to the company, the repairs were carried out by Metinvest-Promservice specialists.

It is specified that the main task of this stage for the repairmen was to replace the upper gas shut-off valve. It equalizes the pressure between the receiving hopper and the furnace, and it is very important to replace it in a timely manner to ensure that the loading process is safe and uninterrupted.

“The blast furnace is currently operating stably, and meanwhile, specialists are preparing for the second stage of the overhaul, which will begin in April,” the press release states.

As reported earlier, Zaporizhstal doubled its rolled steel output in two months compared to the same period last year, up to 395.3 thousand tons from 196 thousand tons, steel output by 2.25 times to 471.1 thousand tons, and pig iron output by 75.7% to 512.3 thousand tons.

In 2023, the steel plant increased its rolled products output by 57.2% compared to 2022, up to 2 million 54.7 thousand tons, steel by 65.4%, up to 2 million 466.9 thousand tons, and pig iron by 35.3%, up 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” doubled its rolled steel output

In January-February of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 2 times compared to the same period last year, up to 395.3 thousand tons from 196 thousand tons.

According to the company, steel production during this period increased by 2.25 times to 471.1 thousand tons, and pig iron production by 75.7% to 512.3 thousand tons.

In February, Zaporizhstal produced 248.8 thousand tons of iron, 235.4 thousand tons of steel, and shipped 198.5 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.

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“Zaporizhstal” increased rolled products and steel output by 2.6 times

In January this year, Zaporizhzhia-based Zaporizhstal Iron and Steel Works increased its rolled steel output by 2.6 times year-on-year, up to 196 thousand tons from 74.6 thousand tons.

According to the company’s information on Monday, steel production during this period also increased by 2.6 times to 235.5 thousand tons, and pig iron production by 56.9% to 261 thousand tons.

In December 2023, Zaporizhstal produced 265.5 thousand tons of iron, 228.6 thousand tons of steel, and shipped 206.5 thousand tons of rolled products.

“The increase in production in January 2024 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 in March 2023,” the press release explains.

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

In 2023, the plant operated at an average of 70% of its capacity.

“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 (71.24%) and Smart Holding (23.76%).

Metinvest Holding LLC is the management company of Metinvest Group.

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“Zaporizhstal” donated over 767 tons of medical oxygen to Ukrainian hospitals in 2023

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.

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“Zaporizhstal” increased rolled steel output by 57% and steel production by 65%

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.

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