Metinvest has transferred its shares in Zaporizhstal from two resident companies, Zaporizhstal-RS LLC and Gals-Invest LLC (both based in Zaporizhia) to Cypriot companies Brandfeld Finance Ltd. and Lasartico Holdings Ltd. According to a report by Zaporizhstal in the information disclosure system of the National Commission on Securities and the Stock Market, with reference to the…
In March Zaporizhstal produced 325 thousand tons of steel, up by 9.2% YoY. According to the company statement, pig iron output increased by 6.7%, to 286.5 thousand tons, rolled metal – dropped by 3.1%, to 273.3 thousand tons. In Q1 Zaporizhstal produced 825.5 thousand tons of pig iron, 944.5 thousand tons of steel and 790.3…
Zaporizhstal has completed large-scale assembly of metal structures at the blast furnace No. 3 being reconstructed. According to the company statement, over 7 thousand tons of metal structures have been assembled. “We are moving to the construction of the new blast furnace No. 3 with confidence. A couple of days ago we have reached the…
In 2016 Zaporizhstal invested 1.8 billion UAH into development and modernization of its manufacture. According to the company statement, among the major projects is the modernization of the gas-purifying system of sintering machines No. 3-6, and the reconstruction of the blast furnace No. 3. The latter costs 1.5 billion UAH. “Ukraine is still experiencing the…
Metinvest-PromService LLC, created on the basis of the repair subdivisions of Azovstal, Mariupol Ilyich Iron and Steel Works and Yenakievo Iron and Steel Works, all parts of Metinvest, announced of its decision to open a subsidiary in Zaporozhye to service local assets. According to the company CEO Mikhail Rubtsov, because of the railroad blockade the…
On March 10, Zaporizhstal started delivering metal to its customers by way of rivers after a three-months winter break. This year the company plans to supply around 600 thousand tons of metal by river to Bulgaria, Turkey, Serbia, Greece and Romania. “Water transportation has undeniable logistics advantages compared with other means of transportation. We systematically…
Minerfin (Slovakia) and Zaporizhstal will not stop investing into the Zaporozhye Iron Ore Complex. “Despite the very difficult situation – two years ago iron ore world prices dropped sharply – we still carried on investing in the construction of the grinding complex. I hope the development of the enterprise will not stop, and together with…
The blast furnace No. 3 at Zaporizhstal will be put into operation in April in full accordance with the schedule. According to the company CEO Rostislav Shurma, because of the railroad blockade of uncontrolled territories in Donetsk and Lugansk regions many metal companies have been experiencing the shortages of blast furnace raw materials. “The main…
