Business news from Ukraine

Business news from Ukraine

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

27 March , 2024  

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.