Business news from Ukraine

“Zaporizhstal” increased rolled steel output by 89%

3 April , 2024  

In January-March of this year, Zaporizhstal Iron and Steel Works increased its rolled steel output by 88.9% year-on-year to 615.3 thousand tons from 325.7 thousand tons.

According to the company, steel production during this period increased by 85.7% to 731 thousand tons, and pig iron production by 61.8% to 785.4 thousand tons.

In March, Zaporizhstal produced 273.1 thousand tons of iron, 260 thousand tons of steel, and 219.4 thousand tons of rolled products.

As reported earlier, 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.