In January-July Dneprovsky Iron and Steel Works, purchased in early March by DCH, produced 441 thousand tons of rolled metal, up by 11% YoY. According to the company statement, steel output increased by 4%, to 505 thousand tons, while that of pig iron dropped by 18%, to 485 thousand tons. In July DMZ produced 37…
In the next three years Dneprovsky Iron and Steel Works will be carrying out a modernization program. “In March the company got a new owner. Until that time and since 2008 it was owned by Evraz. In March we received a new owner – DCH Investment Management”, the company commercial director Denis Frolov said. The…
DCH, which bought Dneprovsky Iron and Steel Works from Evraz in March, intends to construct a new shop of continuous casting with a high-speed 5-slit rolling machine, two external treatment machines, a ladle-furnace and other machinery. The capacity of the continuous casting machine will be 155 tons per hour. The new shop will provide for…
In 2017 Evraz Dneprovsky Iron and Steel Works received the net profit of 2.38 billion UAH as opposed to the net loss of 322.75 million UAH in 2016. Last year the company increased its net income by 56.6% YoY, to 15.78 billion UAH. In 2017 Evraz DMZ produced 174.54 thousand tons of pig iron, 495.68…
In January-March Dneprovsky Iron and Steel Works, sold by Evraz to DCH, produced 154 thousand tons of steel, down by 36.1% YoY and by 40.1% QoQ. Pig iron output fell by 34.1% YoY and by 39% QoQ, to 153 thousand tons. The fall in the output has to do with the unstable operation of the…
DCH, which bought Dneprovsky Iron and Steel Works from Evraz in March, has appointed Gennady Bergeman the company CEO till the end of the year. The decision was made on April 13, as Bergeman’s office would expire on May 3. In 2017 DMZ revenue totaled $586 million, its assets cost $153 million. The company gross…
In 2017 Evraz Dneprovsky Iron and Steel Works received 2381.687 million UAH. According to the company statement, its assets totaled 4.333 billion UAH, current liabilities – 7.155 billion UAH, accounts receivable – 1.535 billion UAH and fixed liabilities – 572.736 million UAH. Steel output last year at Evraz DMZ dropped by 13.2% YoY, to 918…
The DCH Group of Alexander Yaroslavsky, owner of the Kharkiv Tractor Works, Sukhaya Balka and Dneporvsky Iron and Steel Works, intends to get a synergy effect of the cooperation of its three assets. “We will try to reach synergy, as DMZ produces metal, and KhTZ consumes a lot of metal. DMZ also consumes Sukhaya Balka…
In 2017 Evraz Dneprovsky Iron and Steel Works produced 918 thousand tons of steel, down by 13.2% YoY. The decrease has to do with the capital repairs of machinery. According to the company statement, rolled metal output decreased by 11.7%, to 785 thousand tons because of the drop in structure steel demand and the increase…
Energomashspetsstal will produce a batch of working rolls for Evraz-DMZ. According to the company statement, the corresponding contract was concluded in November 2017. The total weight of the rolls will be 184.7 tons. The rolls will be used in the bar-rolling mills of Dneprovsky Iron and Steel Works. The delivery is scheduled for the second…
Evraz has transferred 97.7% of shares in Evraz Dneprosvky Iron and Steel Works, previously possessed by Palmrose B.V., to Drampisco (Cyprus).
The change in the ownership took place on November 17.
Drampisco and Palmrose B.V. are Evraz’s daughter companies.
In 2016 Evraz DMZ decreased losses 3.4-fold YoY, to 322.753 million UAH. (Ukrainian metal)
In January-September Evraz Dneprovsky Iron and Steel Works produced 548 thousand tons of rolled metal, down by 21% YoY. Steel output dropped by 19.7%, to 663 thousand tons, and that of pig iron – by 6%, to 767 thousand tons. In September Evraz DMZ produced 71 thousand tons of rolled metal, 88 thousand tons of…
Shareholders of Evraz Dneprovsky Iron and Steel Works decided to increase the charter capital by 30.44%, or by 175 million UAH, to 750 million UAH, by issuing 700 million ordinary shares. The cost of each share is 0.25 UAH, they will be placed at 10 UAH per share. The funds received from the placement of…
Shareholders of Evraz – Dneprovsky Iron and Steel Works intend to increase the company charter capital by 30.4%, from 574.99 million UAH to 749.99 million UAH by placing additional 700 million shares with the value of 0.25 UAH. The issue will be discussed at the extraordinary meeting of shareholders on September 22. According to one…
In January-June Evraz Dneprovsky Iron and Steel Works produced 388 thousand tons of steel, down by 30.7% YoY. Rolled metal output dropped by 29%, to 323 thousand tons, including 197 thousand tons of semi-finished products, down by 25.1%. The company decreased pig iron output by 8.9%, to 489 thousand tons. According to Evraz, the output…
The salary of Evraz DMZ and Evraz Yuzhkoks employees has gone up by 15% since June. According to Evraz statement, since the beginning of the year the increase has been 18.3%. The average wages at Evraz Ukrainian companies is now 8829 UAH. The group also intends to spend 63 million UAH to improve labor conditions.…
Shareholders of Evraz Dneprovsky Iron and Steel Works and Evraz Sukhaya Balka will hold meetings to discuss the companies deals. The meeting will take place on June 22. The companies will discuss the amendments to the contract to cancel agreements with ESB dated April 26, on financial support of 2.97 billion UAH and 250 million…
While the Dneprovsky Iron and Steel Works is idle, it carries our repairs. In particular, burners in the converter shop have been switched from consuming the expensive natural gas to coke-oven gas. “This is especially vital because of the natural gas saving and the complete halt of gas deliveries to the works since April 21”,…
Dneprovsky Iron and Steel Works CEO Vyacheslav Mospan has reported the problems with energy carriers and drinking water. Electricity consumption is still at its lowest – 11 MWh. If the debt is not cleared in the near future, the works will be completely cut from grid. Payment for water last week was enough by today.…
In 2016 Dneprovsky Iron and Steel Works received 2.717 billion UAH of losses, up 1.9-fold, or by 1.372 billion UAH. According to the company statement, its net income dropped by 15.36%, or by 2.568 billion UAH, to 14.146 billion UAH. In 2015 DMK received 1389.476 million UAH of losses, having increased its net income by…
In January-March Evraz Dneprovsky Iron and Steel Works produced 203 thousand tons of rolled metal, down by 9.4% YoY. Steel output declined by 9.7%, to 243 thousand tons, pig iron – by 11.8%, to 232 thousand tons. In March DMZ produced 70 thousand tons of rolled metal, 79 thousand tons of steel and 78 thousand…
Dneprovsky Iron and Steel Works, a part of Industrial Union of Donbass, is expecting the return of VAT at the volume of 1.2 billion UAH by April 28, which will allow putting the company back into operation by May. “On April 13, our economists checked the VAT reimbursement volumes with the regional department of the…
Vyacheslav Mospan has returned from his vocation to Dneprovsky Iron and Steel Works as the CEO, while the ex-director of Yenakievo Iron and Steel Works Alexandr Podkorytov has been appointed his first deputy. According to the company statement, April 13, saw the meeting of the management with the employees, where the CEO announced that the…
Dneprovsky Iron and Steel Works intends to launch production by the end of the month. “The IUD corporation is negotiating delivery of raw materials to the works, which will enable us to get back to work. After the negotiations, in two days the matter with resuming operation at DMK will be settled”, the company said…
Metinvest notes the importance of Dneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass, resuming operation, as it is the key consumer of raw materials on the Ukraine-controlled territory. “The company is very important for us. But I believe it is also important as an asset for its owners. That’s probably…
On April 6, Dneprovsky Iron and Steel Works started blowing-in of its blast furnace No. 9, but on April 10, had to shut it down once more. The first time DMK had to shut down because of the lack of coke, used to be supplied by the Alchevsk Coke Plant from the uncontrolled territory. On…