In 2017 Zaporizhstal plans to increase pig iron output by 7-8%, and that of steel and rolled metal – by 3-4% YoY. “I hope we manage to put the blast furnace No.3 into operation in time and increase output”, the company CEO Rostislav Shurma said. According to him, it’s difficult to forecast financial results, as…
Additional expenses of Zaporizhstal from the announced 25% increase in cargo transportation by railroad will amount to 600 million UAH. According to the company CEO Rostislav Shurma, these funds will most likely be stolen by various groups of officials. “They would better increase efficiency, fight corruption and bring investments to the railroad. If they fulfilled…
In 2012-2016 Zaporizhstal invested over 5.6 billion UAH into the environment modernization, with 1.7 billion UAH invested in 2016. According to the company CEO Rostislav Shurma, among the major ecological projects is the blast furnace No. 4 modernization with the casting yard exsufflation system, construction of the new pickling line in the cold-rolling shop No.…
Zaporizhstal is negotiating a $1.3 billion loan for construction of the converter shop. “We are actively discussing this with banks and financial institutions. But it’s difficult to get investments under current circumstances in Ukraine, although the situation has normalized compared with last year”, the company CEO Rostislav Shurma said. According to him, the negotiations are…
Metal companies, including Zaporizhstal, are the main donors of the state budget in the Zaporozhye region. According to the Specialized State tax inspection for major taxpayers in Zaporozhye director Roman Afonov, metal companies provide for some 20% of all tax income in the region. “From the beginning of the year major tax payers paid around…
After the scrap export duty increased from 10 euro per ton to 30, the deliveries of scrap to Zaporizhstal improved. “When we asked to adopt this decree, our stocks totaled 2-3 thousand tons. Now we enter winter with 60 thousand tons of scrap. Thus we will be rather comfortable during the season of scrap shortage”,…
The Russian Vnesheconombank (VEB) is not a Zaporizhstal shareholder. “VEB is not our shareholder, you can look at our shareholders register”, the company CEO Rostislav Shurma answered, when asked about the VEB decision to create a separate subsidiary company containing all the metallurgical assets. When asked who owned the second stake apart from Metinvest, he…
Zaporizhstal lacks iron ore from the Zaporozhye Iron Ore Complex due to the shortage of railroad cars. “This month we are some 30 thousand tons of ore behind. This means we will not receive 50-60 thousand tons of concentrate”, the company CEO Rostislav Shurma said. The works has been experiencing the lack of cars for…
