In June 2022, the Zaporizhstal Iron and Steel Works reduced steel production 5.6 times, or by 259,600 tons year over year to 69,600 tons.
The company announced this in a statement, Ukrainian News Agency reports.
In June 2022, Zaporizhstal reduced the production of pig iron 2.3 times year over year to 146,900 tons and the production of rolled products - 2 times to 83,000 tons.
In the first six months of 2022, the enterprise reduced the production of pig iron by 51.9% year over year to 1,133,500 tons, the production of steel - 2.2 times to 922,300 tons, the production of rolled products - by 53.4% to 839,400 tons.
According to the report, the decline in production compared to the same period last year is linked to a shortage in raw materials and logistical problems caused by full-scale hostilities in the territory of Ukraine.
As Ukrainian News Agency reported, in early April, Zaporizhstal removed equipment from mothballing and partially resumed production.
On March 2, Zaporizhstal temporarily mothballed production.
In February 2022, Zaporizhstal produced 357,400 tons of pig iron, 313,800 tons of steel, and 221,800 tons of rolled products.
In 2021, the plant reduced steel production by 0.1% year over year to 3,778.200 tons, increased the production of pig iron by 0.1% to 4,473,500 tons, while the output of rolled products remained at the level 2020 - 3,204,000 tons.
The main shareholders of the Metinvest group are SCM (71.24%) and the Smart Holding group (23.76%), which take part in the management of Metinvest on a partnership basis.
100% of SCM shares are owned by businessman Rinat Akhmetov, Smart-Holding is controlled by Vadim Novinsky.
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