Business news from Ukraine

Business news from Ukraine

“Zaporizhstal” has completed overhaul of blast furnace No. 4 and is preparing it for launch

1 July , 2024  

Metinvest Group’s Zaporizhstal Iron and Steel Works has overhauled the third stage of blast furnace No. 4.
“Our fourth blast furnace has been renovated and is fully ready for operation, waiting for the first pig iron after the repair,” the company said in a statement.
It is specified that as part of the overhaul, a new charging machine was installed, the casting yard, air heaters and cleaning units were updated.
As reported, the overhaul was implemented as part of the plant’s investment program, with a total estimate of more than UAH 92 million.
“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.