Business news from Ukraine

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

5 February , 2024  

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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