Zaporizhstal steelmaker Zaporizhstal in January-February of this year decreased the shipment of rolled steel by 65.3% compared to the same period last year – down to 174.2 thousand tons.
According to the company information, steel output fell by 67.4% to 209.2 thousand tons during this period, and pig iron output dropped by 61.5% to 291.6 thousand tons.
In February 2023, Zaporizhstal produced 125.2 thousand tons of cast iron, 119.4 thousand tons of steel, shipped 99.6 thousand tons of rolled steel.
“The decrease in production level compared to the same period last year is due to the shortage of raw materials and logistical problems caused by full-scale military actions on the territory of Ukraine. In addition, due to the massive rocket attacks on the energy infrastructure and, as a consequence, the resulting shortage of capacity in the energy system, the plant has reduced production, thus reducing the consumption of purchased electricity,” the press release explains.
As we informed, in January-2023, the iron and steel plant reduced the shipment of rolled products by 74% compared to the same period last year, to 73 thousand tons, steel output declined by 72.7% to 89.9 thousand tons, iron – by 58.5%, to 166.4 thousand tons.
In December 2022, the company produced 142.1 thousand tons of iron, 70.8 thousand tons of steel, and shipped 56.7 thousand tons of rolled products.
“Zaporizhstal” in 2022 reduced the output of rolled steel by 60.4% compared to 2021 – to 1 million 304.3 thousand tons, steel by 61.7% – to 1 million 491.3 thousand tons, cast iron – by 54.3%, to 2 million 9.9 thousand tons.
“Zaporizhstal” is one of the biggest industrial enterprises in Ukraine, which products are in great demand among the consumers on the internal market and in many countries of the world. The plant specializes in high-quality steel coils, hot-rolled plates, cold-rolled plates, cold-rolled coils from carbon and low-alloyed steels, 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.
