2024-09-04T20:01:00+03:00 Economy 2024-09-24T04:00:02+03:00

Ukrainian news

Zaporizhstal reduces steel production by 1.2% to 237,000 tons in August

Zaporizhstal reduces steel production by 1.2% to 237,000 tons in August

In August 2024, Zaporizhstal, one of the largest steel companies in Ukraine and a leading manufacturer of high quality steel, reduced steel production by 1.2% to 236,800 tons year over year.

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

In August 2024, compared to August 2023, Zaporizhstal increased the production of pig iron by 0.6% to 259,500 tons, the production of rolled products - by 6.9% to 214.2 thousand tons.

In January-August 2024, compared to the same period in 2023, the enterprise increased the output of pig iron by 23% to 2.05 million tons, steel production by 31.6% to 1.97 million tons, rolled steel production by 32.6% to 1.64 million tons.

As the Ukrainian News agency earlier reported, in 2023, compared to 2022, the plant increased steel production by 65.4% to 2.47 million tons, cast iron by 35.3% to 2.7 million tons, and rolled products by 57.2% up to 2.05 million 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.