Business news from Ukraine

AZOVSTAL RAISES PRODUCTION OF ROLLED METALS

According to recent data, metallurgical plant Azovstal (Mariupol, Donetsk region), a member of Metinvest Group, in January-August 2020 increased production of general rolled metals by 3.6% compared to the same period last year, to 2.66 million tonnes.
The representative of the enterprise told Interfax-Ukraine that during this period steel production increased by 3.2%, to 2.82 million tonnes, cast iron production increased by 8.3%, to 2.52 million tonnes.
In August, Azovstal produced 380,000 tonnes of general rolled metals, 410,000 tonnes of steel and 366,000 tonnes of cast iron.
Azovstal in 2019 reduced production of general rolled metals by 3.2% compared to 2018, to 3.753 million tonnes, production of steel by 1.6%, to 4.016 million tonnes, production of cast iron by 6.3%, to 3.475 million tonnes.
The enterprise belongs to Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the management company of Metinvest Group.

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AZOVSTAL RAISES ROLLED PRODUCTS OUTPUT BY 17%

Azovstal Iron and Steel Works (Mariupol, Donetsk region), which is part of Metinvest Group, in January-March 2020 increased the production of rolled goods, according to recent data, by 16.7% compared to the same period in 2019, to 1.032 million tonnes.
As a representative of the enterprise told Interfax-Ukraine, over this period, steel production increased by 15.1%, to 1.119 million tonnes, cast iron by 20.2%, to 999,000 tonnes.
In March, Azovstal produced 333,000 tonnes of rolled steel, some 343,000 tonnes of steel and some 310,000 tonnes of cast iron.
As reported, in 2019, Azovstal reduced total rolled goods production by 3.2% compared to 2018, to 3.753 million tonnes, steel production by 1.6%, to 4.016 million tonnes, cast iron output by 6.3%, to 3.475 million tonnes.
The enterprise is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.

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AZOVSTAL REDUCES OUTPUT BY 3% IN 2019

Azovstal Iron and Steel Works (Mariupol, Donetsk region), which is part of Metinvest Group, in 2019 reduced production of rolled goods, according to recent data, by 3.2% compared to the previous year, to 3.753 million tonnes.
The enterprise told Interfax-Ukraine that steel production decreased by 1.6%, to 4.018 million tonnes, pig iron output by 6.3%, to 3.475 million tonnes.
In December, Azovstal produced 278,000 tonnes of rolled steel, 303,000 tonnes of steel, 316,000 tonnes of cast iron, while in the previous month 244,000 tonnes of rolled metal, 295,000 tonnes of steel, and 252,000 tonnes of cast iron.
As reported, in 2018 Azovstal kept production of rolled goods at the level of the previous year at 3.879 million tonnes, but reduced steel production by 4%, to 4.082 million tonnes, pig iron by 2%, to 3.707 million tonnes.
The enterprise is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.

AZOVSTAL REDUCES PRODUCTION OF ROLLED GOODS BY 5%

Azovstal Iron and Steel Works (Mariupol, Donetsk region) in January-September 2019 reduced production of rolled goods by 5% to 2.883 million tonnes compared to the same period in 2018, according to recent data.
A representative of the company told the Interfax-Ukraine agency steel production decreased by 2.8%, to 3.079 million tonnes, output of pig iron by 10.3%, to 2.623 million tonnes.
In September, Azovstal produced 318,000 tonnes of rolled goods, 345,000 tonnes of steel, and 301,000 tonnes of pig iron.
Azovstal in 2018 kept its rolled stock production at the previous year’s level – 3.879 million tonnes, but reduced steel output by 4%, to 4.082 million tonnes, pig iron by 2%, to 3.707 million tonnes.
The company is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.

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AZOVSTAL TOPS LIST OF LARGEST VALUE ADDED TAX REFUND RECIPIENTS

Azovstal tops list of largest value added tax refund recipients
Azovstal, which is part of Metinvest Group, in August 2019 led the list of the largest recipients of value added tax (VAT) refunds with UAH 1.046 billion, while in July its reimbursement amounted to UAH 4.37 million, according to data on the website of the State Treasury Service. According to the agency, Dniprovsky Iron and Steel Works with UAH 766.42 million and Mariupol-based Illich Steel Mill, affiliated with Metinvest, with UAH 678.07 million also were among the three largest recipients of VAT refunds.
The top five largest recipients were also ArcelorMittal Kryvyi Rih, which in July led the list with UAH 1.05 billion, with UAH 633.73 million in August, as well as Zaporizhstal from Metinvest Group with UAH 467.64 million against UAH 544.05 million last month.
They are followed by Zaporizhkoks with UAH 400 million, Suntrade with UAH 298.13 million, Grain-Agrotrade with UAH 230.66 million, Solar Farm-3 with UAH 219.76 million.
Kernel-Trade agricultural exporter closes the ten largest recipients with UAH 215.55 million (UAH 217.46 million in July).