Ukraine: Zaporizhstal to change ownership type

Metinvest, as a major shareholder of Zaporizhstal, has initiated an extraordinary shareholders’ meeting to transform the latter from the public joint stock company into private joint stock company. The meeting is scheduled for January 29. There are 18 issues on the agenda, among which is appointing KPMG Audit the auditor for 2020-2022. Net profits received…

Ukraine: Zaporizhstal output up in August 2023

In August, Zaporizhstal increased rolled metal output by 2.2% MoM, to 200.4 thousand tons. Pig iron manufacture decreased by 1.6%, to 257.9 thousand tons, and steel – by 0.4%, to 239.7 thousand tons. Compared with August 2022, Zaporizhstal increased pig iron output by 77.1%, steel – 2.5-fold and rolled metal – 2.7-fold. In January-August, Zaporizhstal…