Economy 2024-02-15T05:02:51+02:00
Ukrainian news
Zaporizhstal Reduces Steel Production 2.3 Times To 122,000 Tons In October

Zaporizhstal Reduces Steel Production 2.3 Times To 122,000 Tons In October

steel, Zaporizhstal, steel production
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In October 2022, Zaporizhstal, one of the largest steel companies in Ukraine and a leading manufacturer of high quality steel, reduced steel production 2.3 times or by 157,200 tons year over year to 121,800 tons.

The company has said this in a statement, Ukrainian News Agency reports.

In October 2022, Zaporizhstal reduced the production of pig iron 2.2 times year over year to 157,000 tons, the production of rolled products fell 2.6 times year over year to 101,300 tons.

In the first 10 months of 2022, the enterprise reduced the output of pig iron 2.1 times year over year to 1,723,900 tons, steel production - 2.4 times to 1,334,700 tons, production of rolled products - 2.3 times year over year to 1,172,300 tons.

According to the report, the decrease in the level of production compared to the same period last year is due to the shortage of raw materials and logistical problems caused by full-scale war in the territory of Ukraine.

As Ukrainian News Agency earlier reported, in September 2022, Zaporizhstal reduced steel production 2.7 times or by 177,700 tons year over year to 106,800 tons.

In early April, Zaporizhstal took equipment out of preservation and partially resumed production.

On March 2, Zaporizhstal temporarily suspended production.

In 2021, the plant reduced steel production by 0.1% year over year to 3,778,200 tons, increased the output of pig iron by 0.1% to 4,473,500 tons, while the production of rolled products remained at level of 2020 – 3,204,000 tons.

The main shareholders of the Metinvest group are SCM (71.24%) and the Smart-Holding group (23.76%), which participate in the management of Metinvest on a partnership basis.

100% of SCM shares belong to businessman Rinat Akhmetov, Smart-Holding is controlled by Vadym Novinsky.

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