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…
In January-September 2023, Zaporizhstal decreased net loss by 91.8% YoY, to 236.623 million UAH. Net income grew by 9.2%, to 41.329 billion UAH. Undistributed profit amounted to 28.961 billion UAH. (Ukrainian metal)
In September, Zaporizhstal produced 257.4 thousand tons of pig iron, 246.4 thousand tons of steel and 201.9 thousand tons of rolled metal, up by 73.1%, 130.6% and 125.8% YoY respectively. The increase was due to the resumption of the blast furnace No. 2 operation. In January-September, Zaporizhstal produced 1923 thousand tons of pig iron, up…
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…
Zaporizhstal is sure that its steel meets the requirements to produce the Tryzub (trident) for the Motherland sculpture. “We do not agree with the conclusions made by the Ministry of Culture and Informational Policy and their defects act. We see the claims as biased and groundless and will defend the honor of the Ukrainian manufacturer…
Builders rejected Zaporizhstal steel, so the Tryzub (Trident) of the Motherland monument to replace the Soviet coat of arms would be made of European metal, the Ministry of Culture and Informational Policy reported. “Unfortunately, the Zaporizhstal metal does not correspond to technical requirements,” it said. The metal must have been identical to that from which…
In late June, the Eastern interregional department of the State Tax Service on operation with major taxpayers denied Zaporizhstal the reimbursement of VAT for March-April in the amount of over 350 million UAH. According to the company, this decision violates Tax Code that guarantees the business the reimbursement of VAT. The company also has the…
In January-June, Zaporizhstal increased rolled metal manufacture by 1.8% YoY, to 844.2 thousand tons. Steel output grew by 10.5%, to 1.018 million tons, and pig iron – by 1.1%, to 1.145 million tons. In June, Zaporizhstal produced 131.9 thousand tons of pig iron (72.8 thousand tons in June 2022), 159.4 thousand tons of steel (69.6…
