Business news from Ukraine

Business news from Ukraine

“Zaporizhstal” increased rolled steel output by 18.7%

3 December , 2024  

In January-November of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 18.65% year-on-year to 2 million 192.6 thousand tons from 1 million 847.9 thousand tons.
According to the company, steel production for the period increased by 18.6% to 2 million 645.3 thousand tons, and pig iron production by 15% to 2 million 821.6 thousand tons.
In November, Zaporizhstal produced 259.6 thousand tons of iron, 227.3 thousand tons of steel, and shipped 191.4 thousand tons of rolled products.
It is also recalled that in 2023, the plant operated at an average of 70% of its capacity.
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 widely known and in demand 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.

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