Zaporizhstal steelmaker Zaporizhstal in January-November this year decreased the output of rolled steel by 58.5% compared to the same period last year to 1 million 247.2 thousand tons.
According to the company’s information on Thursday, steel production fell by 60% to 1 million 420.5 tons over that period, and iron production decreased by 53.1% to 1 million 867.8 thousand tons.
In November this year, the company produced 143.9 thousand tons of iron, 85.8 thousand tons of steel, shipped 74.4 thousand tons of rolled steel, while in the previous month – 157 thousand tons of iron, 121.8 thousand tons of steel, shipped 101.3 thousand tons of rolled steel.
“The decline in production levels compared to the same period last year is due to the shortage of raw materials and logistical problems caused by full-scale military action in Ukraine. In addition, due to the ongoing missile attacks on the energy infrastructure and, as a consequence, the resulting shortage of capacity in the energy system, the plant reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
As it was reported, in 2021 “Zaporizhstal” kept the output of rolled steel at the level of 2020 – 3.204 million tons, reduced steel production by 0.1% – to 3 million 778.25 thousand tons and increased the iron – by 0.1%, to 4 million 473.5 thousand tons.
“Zaporizhstal is one of the biggest industrial enterprises in Ukraine, which products are in great demand among domestic and foreign consumers. The plant specializes in high-quality carbon and low-alloy steel coils, hot-rolled plates, cold-rolled sheets, cold-rolled coils, as well as steel straps, tin plates, formed sections.
Main consumers are producers of welded pipes, enterprises of automotive, transport, agricultural engineering, producers of household appliances.
“Zaporizhstal is in the process of integration into Metinvest Group the main shareholders of which are CJSC “System Capital Management” (71.24%) and Smart Holding group of companies (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
