Business news from Ukraine

Business news from Ukraine

Zaporizhstal cuts output of rolled products in 2020

5 January , 2021  

In 2020, Zaporizhstal metallurgical plant reduced the output of rolled products by 4.3%, to 3.204 million tonnes compared to the previous year.

According to the company’s press release, steel production last year decreased by 5.5%, to 3.784 million tonnes, while pig iron production increased by 2.5% to 4.471 million tonnes.

In December, 397,500 tonnes of pig iron, 345,600 tonnes of steel, and 287,600 tonnes of rolled products were produced, in November 387,600 tonnes of pig iron, 329,200 tonnes of steel, and 275,100 tonnes of rolled products.

“Zaporizhstal has strengthened its position in the markets due to the transformation of work with consumers: high discipline of order fulfillment and customization are on the same level as the quality of supplied products. Therefore, we finished 2020 with decent results and plans for 2021,” Zaporizhstal Director General Oleksandr Myronenko said.

Zaporizhstal is one of the largest industrial enterprises in Ukraine, the products of which are in a great demand among consumers in the internal market and in many countries of the world. The plant specializes in high quality hot-rolled steel, hot-rolled sheet, cold-rolled sheet, cold-rolled coil of carbon and low-alloy steels, as well as steel tape, black sheet, and a bent profile.

The main consumers of the products are manufacturers of welded pipes, automobile, transport, agricultural engineering enterprises,and household appliances.

Zaporizhstal is in the process of integration into Metinvest Group, the main shareholders of which are PJSC System Capital Management (71.24%) and Smart-Holding group of companies (23.76%).

Metinvest Holding LLC is the managing company of Metinvest Group.

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