Business news from Ukraine


Ukrainian coke plants in January-July of this year increased the production of metallurgical coke with a 6% moisture content by 2% compared to the same period last year, to 5.749 million tonnes.
The Ukrkoks association of coke and chemical enterprises (Dnipro) told Interfax-Ukraine that in July 826,000 tonnes of coke were produced.
The director general of Ukrkoks, Anatoliy Starovoit, told Interfax-Ukraine that the enterprises continue to work at the request of metallurgical plants, satisfying them with coke in full, taking into account imports.
According to him, coke chemical plants are provided with coking coal for production programs.
According to Ukrkoks, in 2020 coke plants reduced the production of metallurgical coke with a 6% moisture content by 3.9% compared to 2019, to 9.66 million tonnes. The enterprises were supplied with 27.2% of domestic coal and concentrate and 72.8% of imports. In general, 3.618 million tonnes of raw coal and concentrate of domestic production were supplied to the coke plants over the year, some 9.675 million tonnes were imported. In general, 13.293 million tonnes of coal were supplied to the plants, including 5.202 million tonnes imported from the Russian Federation, 3.523 million tonnes from the United States and Canada, 873,300 tonnes from Kazakhstan, and 76,000 tonnes from Poland.

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The revenue of Metinvest B.V. (the Netherlands), the parent company of Metinvest mining and metallurgical group, in May this year increased by 0.9%, or $ 14 million, compared to the previous month, to $ 1.569 billion from $ 1.555 billion.
According to the unaudited consolidated monthly results of the company’s financial statements, total EBITDA in May was $ 752 million, which is $ 102 million, or 15.7%, more than in April ($ 650 million). At the same time, EBITDA from participation in the joint venture amounted to $ 147 million (in April – $ 101 million).
According to the report, the adjusted EBITDA of the metallurgical division of the group for May 2021 amounted to “plus” $ 367 million, including $ 46 million from participation in the joint venture; EBITDA of the mining division – $ 460 million, including from the joint venture – $ 101 million. The management company spent $ 5 million.
Total revenue in May consisted of $ 1.244 billion of the metallurgical division and $ 583 million of the mining division. Intragroup sales were $ 258 million.
The total debt of Metinvest in May decreased by $ 247 million compared to April, to $ 2.925 billion from $ 3.172 billion. At the same time, the volume of funds increased by $ 35 million, to $ 1.239 billion from $ 1.204 billion.
Funds used in investment activities amounted to $ 43 million, in financial activities – $ 251 million.
In May, the group sold 1.474 million tonnes of iron ore for $ 308 million, 59,000 tonnes of coal concentrate for $ 8 million.
The main shareholders of Metinvest are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.

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Ukrainian metallurgical enterprises increased the production of general rolled products, according to recent data, by 0.5% in January-February this year compared to the same period last year, to 3.156 million tonnes.
According to the report of the Ukrmetalurgprom association on Tuesday, in the first two months of the year steel production decreased by 1.1%, to 3.513 million tonnes, while cast iron output increased by 4.5%, to 3.506 million tonnes.
In February, 1.493 million tonnes of rolled metal, 1.674 million tonnes of steel, and 1.688 million tonnes of cast iron were produced.
As reported, over 2020, Ukrainian metallurgical enterprises increased the production of general rolled products by 0.7% compared to the previous year, to 18.344 million tonnes, reduced steel output by 1.4%, to 20.549 million tonnes and increased cast iron production by 1.5%, to 20.358 million tonnes.


Dniprovsky Metallurgical Plant cuts rolled products output by 68% in 2020

PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of DCH Steel from DCH Group of businessman Oleksandr Yaroslavsky, reduced the output of finished rolled products by 68.4% in 2020 compared to the previous year, to about 140,000 tonnes due to downtime as a consequence of repairs from the end of October 2019 to May 2020.

As the company told Interfax-Ukraine, in December the plant produced 20,000 tonnes of rolled metal, while in August-November it produced 22,000 tonnes per month.

Steel production in 2020 was reduced by 66%, to 175,000 tonnes (in December 28,000 tonnes), and cast iron by 67.3%, to 160,000 tonnes (25,000 tonnes).

The plant specializes in production of steel, cast iron, rolled products and products from them. Since 2016, investments in environmental programs amounted to UAH 350 million.


Ukrainian coke plants (CCP) in January-November of this year reduced the production of metallurgical coke with 6% moisture content by 5.1% compared to the same period last year – to 8.817 million tonnes.
Some 811,000 tonnes of coke were produced in November, the association of coke-chemical enterprises Ukrkoks (Dnipro) told Interfax-Ukraine.
Director General of Ukrkoks Anatoliy Starovoit noted that in November coke production was approximately at the level of the previous three months. “Enterprises operate at the level of orders, the lag from last year’s indicators remains,” the agency’s interlocutor stated.
Answering the question about the supply of coal to the coke plant, he stated that over 11 months of 2020, 27% of domestically produced coal and 73% of imports were supplied to the enterprises.
“About 4.6 million tonnes were imported from the Russian Federation, from the USA-Canada and other countries – 3.3 million tonnes, Ukrainian coal was supplied in the amount of 3.25 million tonnes,” Starovoit said.
According to the results of 11 months of 2020, according to operational data, in particular, the Avdiyivsky Coke and Chemical Plant reduced coke output by 10.4% compared to the same period in 2019 – to 2.676 million tonnes (229,000 tonnes were produced in November), Azovstal reduced by 0.6% – up to 1.232 million tonnes (113,000 tonnes), Dniprovsky Coke Chemical Plant increased by 5.1%, up to 539,000 tonnes (49,000 tonnes), Dniprokoks reduced by 4.2% – to 475,000 tonnes (48,000 tonnes), Zaporizhkoks increased by 3.5% – to 475,000 tonnes (78,000 tonnes), Kharkiv Coke Plant reduced production by 88.6% – to 4,000 tonnes and is idle. Coke production at ArcelorMittal Kryvyi Rih fell 7.3% to 2.399 million tonnes (237,000 tonnes), while at Yuzhkoks (Pivdenkoks) it increased by 5.8% to 599,000 tonnes (58,000 tonnes).



Ukraine’s metallurgical enterprises in October 2020 reduced steel production by 5.9% compared to the same period in 2019, to 1.653 million tonnes, ranking 14th among 64 countries, the world’s main producers of these products compiled by the World Steel Association (Worldsteel).
In October, a rise in steel production from October 2019 was recorded in most of the top ten countries, except for Japan, the United States and South Korea.
The top ten steel producing countries in October are as follows: China (92.202 million tonnes, an increase of 12.7%), India (9.058 million tonnes, a drop of 0.9%), Japan (7.2 million tonnes, a drop of 11.7%), the United States (6.143 million tonnes, a drop of 15.3%), Russia (6.05 million tonnes, 4.3% up), South Korea (5.859 million tonnes, 1.8% down), Germany (3.417 million tonnes, 3.1% up), Vietnam (3.372 million tonnes, an increase of 111.5%), Turkey (3.208 million tonnes, an increase of 19.4%), and Brazil (2.784 million tonnes, an increase of 3.5%), and
They are followed by Iran (2.66 million tonnes, an increase of 27.9%), Italy (2.119 million tonnes, a drop of 4.6%), Taiwan (1.66 million tonnes, a decrease of 3.1%), Ukraine (1.653 million tonnes, a decrease of 5.9%), and Mexico (1.47 million tonnes, 1.1% up).
In October, 64 countries produced 161.89 million tonnes of steel, which is 7% more than in October 2019.
In January-October 2020, 64 countries produced 1.511 billion tonnes of steel, which is 2% less than a year ago.

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