The Ukrainian Stock Exchange intends to stop sales of Alchevsk Coke and Chemical Works, Alchevsk Iron and Steel Works and Zaporizhstal shares. According to the stock exchange, the decision has been taken because the companies have not disclosed their annual information. At the same time, the decision can be cancelled, if the companies disclose their…
Zaporizhstal has increased wages of its employees by 20% since June 1. According to the company statement, its wages are among the highest in the Ukrainian mining and metal industry. Within the program of improving working conditions Zaporizhstal will invest some 4 million UAH in installing climate control systems all over the place. (Ukrainian metal)
In May Zaporizhstal produced 325.2 thousand tons of steel, down by 11.2% YoY. According to the company statement, pig iron output dropped by 17.1%, to 285.5 thousand tons, that of rolled metal – by 12.3%, to 272 thousand tons. The decrease of output is the result of the shut down of the blast furnace No.…
In 2016 Zaporizhstal increased profits by 89.6% YoY, to 5.2 billion UAH ($201 million). According to Metinvest statement, Zaporizhstal earnings dropped by 9.7%, to $1.321 billion, while its EBITDA increased by 7.8%, to $165 million. Metinvest owns 49.9% of Zaporizhstal shares, 24% of Zaporozhye Iron Ore Complex, 42.8% in Zaporozhkoks and 49.2% in Zaporozhogneupor. Yuzhniy…
Energomashspetsstal will supply a large batch of rolls for rolling mills to Zaporizhstal. The order will be fulfilled under the contract concluded in 2011. The company will deliver back-up rolls for cold-rolling as well as work and back-up rolls for hot-rolling. The total weight of the order is 401.58 tons. According to the delivery schedule,…
In 2017 Zaporizhstal has spent over 20 million UAH on organization of health improving season for its employees, their families and veterans. According to the company statement, over 5 thousand employees and their family members will participate in the summer health improvement campaign. The metal works pays up to 70% of the tourist vouchers to…
Svetlana Ampilogova has been appointed the acting chief accountant of Zaporizhstal. According to the company press service the ex-chief accountant Natalia Mikhayskaya has been appointed the financial controller of Zaporizhstal. “Natalia Mikhayskaya has been a successful chief accountant, she has been developing the financial function of the enterprise. Now she heads the new for her…
On May 15 the government of India imposed final antidumping duties for 5 years on some types of cold-rolled metal originating from Ukraine, South Korea, China and Japan. The duty is the difference between the customs cost of the cold-rolled steel and $576 per ton. The investigation was started on the request of Steel Authority…