Business news from Ukraine

“Zaporizhstal” increased rolled steel output by 38%

2 August , 2024  

In January-July this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 38% year-on-year to 1.435 million tons from 1 million 40.2 thousand tons.
According to the company’s information on Friday, steel production during this period increased by 37.9% to 1 million 737.1 thousand tons, and pig iron production by 27.1% to 1 million 789.5 thousand tons.
In July, Zaporizhstal produced 261.9 thousand tons of iron, 250.8 thousand tons of steel, and shipped 202 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 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.

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