Business news from Ukraine

ISD’S ASSETS IN POLAND HUTA STALI CZESTOCHOWA MOTHBALLS ELECTRIC FURNACE STEELMAKING, STABLY PRODUCES HOT-ROLLED PLATES

14 March , 2016  

KYIV. March 14 (Interfax-Ukraine) – Poland’s Huta Stali Czestochowa owned by Industrial Union of Donbas (ISD, Donetsk) via subsidiary ISD Polska since October 2015 has mothballed its electric furnace steelmaking workshop and has been producing hot-rolled plates made of slab bought from external parties.

Board Chairman of Huta Stali Czestochowa and former Deputy Industrial Policy Minister of Ukraine Anatoliy Fediayev said last week that the electric furnace steelmaking workshop could be launched at any months if there is a need.

He said that the workshop was halted due to high prices of scrap metal.

Fediayev said that today Huta Stali Czestochowa producers around 40,000 tonnes of hot-rolled plates, sometimes the figure reaches 60,000-70,000 tonnes, while in 2007-2008 the plant produced up to 80,000 tonnes.

As for another ISD’s plant – Hungary’s Dunaferr, he said that the plant produces rolled steel sheets and the plant has enough orders.

As reported, ISD signed a sale and purchase agreement on Huta Stali Czestochowa early June 2005. Its projected annual capacity is around 1 million tonnes. Its key consumers were Polish shipyards.

ISD, founded in 1995, is an integrated holding company that holds shares in metal and mining companies. It incorporates Alchevsk Steel Works, Dzerzhynsky Dniprovsky Steel Works, Dunaferr and ISD-Huta Czestochowa.