Business news from Ukraine

Business news from Ukraine

DMZ tripled its losses in first nine months of 2025 to UAH 467 mln

PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of businessman Oleksandr Yaroslavsky’s DCH Steel group, increased its net loss by 3.1 times compared to the same period last year, to UAH 467.490 million from UAH 152.309 million, according to the results for January-September of this year.

According to the interim report, net income for the reporting period decreased by 64.6%, to UAH 1 billion 518.613 million from UAH 4 billion 289.634 million.
The uncovered loss at the end of September 2025 amounted to UAH -199.622 million.

Production volumes in Q3 2025 amounted to 0.6 thousand tons of metal products, in Q2 – 0.5 thousand tons of metal products and 20.3 thousand tons of coke, and in Q1 – 2.3 thousand tons of metal products and 54.9 thousand tons of coke.

Taking into account the current situation in Ukraine, the industry, and the restrictions in place, as well as the fact that the 2026 budget has not yet been formed, the projected volume of work and services is planned for the following areas of activity: services for processing tolling raw materials into rolled products – 70 thousand tons.

In addition to its core production activities, in Q3 2025, DMZ continued to expand its scope of activities and perform work for contractors in the manufacture and repair of metal structures and laboratory research.
In Q3, the average number of full-time employees was 699, and the wage fund was UAH 57.722 million. At the same time, the wage fund for the quarter decreased by UAH 32.950 million compared to Q2 2025, which was due to the lack of raw materials and a market for products, the shutdown of coke production in May 2025, and the corresponding reduction in personnel.

According to the annual report, in 2024, production volumes amounted to 289.1 thousand tons of blast furnace coke, metal products were not manufactured, but 44.6 thousand tons of square billets were rolled into finished rolled products under a tolling scheme. At the same time, there was a 1.2% decrease in blast furnace coke and a 57.1% decrease in rolled products. In terms of the structure of metal products in 2024, the share of rolled products from rolling mill (RM) No. 1 was 11.3%, and RM No. 2 was 88.7%. The rolling mills of DMZ produced channels, long products, mine props, and rails.

The average number of full-time employees in 2024 decreased by 12.6% to 1,707 people, and the FOP amounted to UAH 415.236 million. The average salary was UAH 19,442 (+17.4% from the 2023 level).
DMZ reported a net loss of UAH 222.117 million in 2024, compared to a net profit of UAH 504.591 million in 2023. Net income decreased by 20.8% to UAH 5 billion 412.422 million from UAH 6 billion 832.241 million.

Retained earnings at the end of 2024 amounted to UAH 170.605 million.
As reported, in 2024, DMZ reduced its rental services by 59.4% compared to 2023, to 42.9 thousand tons, and coke production decreased by 1.2%, to 289.1 thousand tons.

DMZ reduced its rolling services by 23.1% in the first seven months of 2025 compared to the same period last year, to 26,000 tons. in January-August 2025, the plant rolled 33.9 thousand tons, which is at the level of January-July 2024 (33.8 thousand tons).

According to information in the corporate newspaper DCH Steel, during the production campaign in rolling shop No. 2, which will begin after November 10, 2025, it is planned to manufacture (roll) 6.3 thousand tons of metal products.

DMZ received a net profit of UAH 4.225 million in 2022, while in 2021 it was UAH 1 billion 725.157 million. In 2021, the plant received a net profit of UAH 1 billion 725.157 million, while it ended 2020 with a net loss of UAH 394.091 million.

DMZ specializes in the production of steel, cast iron, rolled products, and products made from them.
On March 1, 2018, the DCH Group signed an agreement to purchase the Dnipro Metallurgical Plant from Evraz.

According to NDU data for the second quarter of 2025, Drampisco Limited (Cyprus) owns 97.73% of DMZ shares.
The authorized capital of the private joint-stock company is UAH 574.994 million, and the nominal value of a share is UAH 0.25.

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DMZ enters machine-building market

PJSC Dniprovsky Metallurgical Plant (DMZ), part of the DCH Steel group owned by businessman Alexander Yaroslavsky, is entering the machine-building market: in July, the company began fulfilling orders for the manufacture, repair, and processing of equipment parts.

According to information published in the DCH Steel corporate newspaper on Thursday, since December 2024, the specialized metallurgical equipment repair shop (SCRMU) has been manufacturing non-standard metal structures for third-party organizations. The shop has now expanded its scope of activities and also accepts orders for the repair and manufacture of equipment parts.

At the same time, specialists from the sales department, the supply department, and SMRE engineers monitor tenders announced by companies; quickly assess the feasibility of an order and its cost; and prepare proposals and contracts.

To date, DMZ has already fulfilled several orders from third-party organizations. In particular, in August, a 1925 mm diameter electric motor rotor was machined, for which special equipment was manufactured. Last week, the customer accepted the work and has already delivered another rotor to the workshop for repair.

Currently, the SCPRM also manufactures bevel gears, labyrinth rings, washers, axles for trolleys, and other parts. On August 14, they will begin manufacturing epicycles.

The plant traditionally fulfills orders from the Sukha Balka mine.

Another article reports that DMZ railway workers laid 240 meters of new track and installed a switch at the Novoprokatanaya station. The work was carried out in July and August. The new track connects two railway branches, allowing the plant’s locomotives to run directly from the metallurgical site to the depot and rolling mill No. 2. Previously, the railway depot could only be reached through the metalworks plant, and DMZ paid rent for using its neighbors’ tracks.

In addition, it is reported that two power transformers were disconnected at DMZ to reduce electricity consumption. In July, power supply specialists disconnected transformers at the complete transformer substation No. 70 of the molding and casting shop and at the KTP No. 7 of the oxygen shop. To ensure electricity supply to consumers, a 0.4 km cable was laid to the existing transformers at substations No. 24 and No. 35.

The disconnected transformers supplied electricity to a small number of consumers, so their decommissioning will not significantly increase the load on the existing transformers, the article notes.

Thanks to the shutdown of energy-intensive equipment, the energy consumption of transformers during idle operation has been reduced by 6-7 kW per hour.

DMZ specializes in the production of steel, cast iron, rolled products, and products made from them, such as channels and angles, special profiles for machine building and mining.

On March 1, 2018, the DCH Group signed an agreement to purchase the Dniprovsky Metallurgical Plant.

 

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DMZ upgrades equipment at Sukha Balka mine

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, is upgrading equipment at Sukha Balka mine.
According to information in DCH Steel’s corporate newspaper on Thursday, the mine has updated the cage for the Yubileynaya mine. It is specified that the cage is ready for lowering and operation.
“Sukha Balka is the only enterprise in Ukraine that uses three-storey mine cages. Currently, Yubileynaya is preparing to replace the unique hoisting unit, the post says.
“The surfaces of the cage had to be well prepared, cleaned, blown out, and then primed and painted. We painted in two layers. We used special coatings – primer and enamel, which are used for surfaces exposed to aggressive environments. The coating, according to the manufacturer, should reliably protect the surface for about 10 years,” explained Maxim Kopeyka, chief mechanic of the mine.
The mine cage is currently in a disassembled state at the warehouse and is ready for transportation to the mine. The new cage is scheduled to be installed in July.
The Yubileynaya mine cage has a capacity of 15 tons and can accommodate 126 people. It has a service life of 5 years.
In addition, the rolling campaign is scheduled to start next week at Rolling Shop No. 2 at DMZ. The shop has prepared equipment for intensive work during the off-peak period.
DMZ specializes in the production of steel, cast iron, rolled products and rolled products, such as channels and angles, and special profiles for the machine building and mining industries.
On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant.
Source: https://www.dmz-petrovka.dp.ua

 

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DMZ has reduced rolled steel production by 52% since beginning of year

PJSC Dniprovsky Metallurgical Plant (DMZ), part of DCH Steel, owned by businessman Alexander Yaroslavsky, reduced its rolled steel production by 52.4% in January-April this year compared to the same period last year, to 11.2 thousand tons.

According to the company, coke production in January-April 2025 decreased by 24.8% to 70.6 thousand tons.

In April 2025, DMZ produced 4.1 thousand tons of metal products, which is 62% less than in April 2024. The production of metallurgical coke decreased by 34.8% to 15.7 thousand tons.

At the same time, it is specified that from April 25 to May 7, a rolling campaign was held in rolling shop No. 2, during which 9.2 thousand tons of metal products were produced in the shop.

As reported, in 2024, DMZ reduced its production of rolled products by 59.4% compared to 2023, to 42.9 thousand tons, and coke by 1.2%, to 289.1 thousand tons.

In 2023, DMZ increased its production of rolled metal products by 86.2% compared to 2022, to 105,600 tons, and coke by 38.5%, to 292,700 tons.

In 2022, the plant reduced its production of rolled products by 74.2% compared to 2021, to 58.4 thousand tons, and coke by 56.3%, to 211.3 thousand tons.

DMZ specializes in the production of steel, cast iron, rolled products, and products made from them.

On March 1, 2018, the DCH Group signed an agreement to purchase the Dniprovsky Metallurgical Plant from Evraz.

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DMZ cuts rolled steel output by 44%

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH group, reduced rolled steel production by 44% year-on-year to 7.1 thousand tons in January-March this year.

According to the company, coke production in January-March 2025 decreased by 21.3% to 54.9 thousand tons.

In March of this year, DMZ did not produce rolled products and shipped 2 thousand tons of steel products manufactured in previous periods to customers. Coke production in March increased by 8.4% to 18.7 thousand tons compared to February, but decreased by 23.4% compared to last year’s March, the report says.

As reported, in 2024, DMZ reduced rolled steel production by 59.4% compared to 2023 to 42.9 thousand tons, and coke by 1.2% to 289.1 thousand tons.

In 2023, DMZ increased its rolled steel output by 86.2% compared to 2022, to 105.6 thousand tons, and coke by 38.5%, to 292.7 thousand tons.

In 2022, the plant reduced rolled steel production by 74.2% compared to 2021, to 58.4 thousand tons, and coke production by 56.3%, to 211.3 thousand tons.

DMZ specializes in the production of steel, pig iron, rolled products and products made from them.

On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.

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DMZ increases rolled steel output by 9%, coke production drops by 20%

Dnipro Metallurgical Plant (DMZ), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH Group, increased its rolled steel production by 9.2% year-on-year to 7.1 thousand tons in January-February this year.

According to the company on Thursday, coke production in January-February 2025 decreased by 20.2% to 36.2 thousand tons.

In February of this year, DMZ produced 6.6 thousand tons of rolled metal products, which is 29.4% more than in February 2024. Coke production decreased by 23.7% year-on-year to 17.3 thousand tons.
In February, the plant shipped 6.1 thousand tons of rolled metal products and all the coke it produced to consumers, the information states.

As reported, in 2024, DMZ reduced its rolled steel production by 59.4% compared to 2023 to 42.9 thousand tons, and coke production by 1.2% to 289.1 thousand tons.

In 2023, DMZ increased its rolled steel output by 86.2% compared to 2022, to 105.6 thousand tons, and coke by 38.5%, to 292.7 thousand tons.
In 2022, the plant reduced its rolled steel production by 74.2% compared to 2021, to 58.4 thousand tons, and coke production by 56.3%, to 211.3 thousand tons.

DMZ specializes in the production of steel, pig iron, rolled products and products made from them.
On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.

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