Zaporizhstal Iron and Steel Works “Zaporizhstal” in 2022 reduced the production of rolled steel by 60.4% compared to 2021 – down to 1 million 304.3 thousand tons.
According to the company’s information, the steel output fell by 61.7% to 1 million 491.3 thousand tons over this period, and iron output decreased by 54.3% to 2 million 9.9 thousand tons.
In December 2022, the steel plant produced 142.1 thousand tons of cast iron, 70.8 thousand tons of steel, shipped 56.7 thousand tons of rolled steel.
“The decline in production levels compared to the same period of the previous 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 massive rocket attacks on the energy infrastructure and, as a consequence, the lack 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, Zaporizhstal in 2021 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.
