Business news from Ukraine

“Zaporizhstal” doubled its rolled steel output

4 March , 2024  

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.