Ukraine: Zaporizhstal steel output down in March 2016
In March Zaporizhstal produced 297.6 thousand tons of steel, down by 0.23% YoY, or by 0.7 thousand tons.
In March Zaporizhstal produced 297.6 thousand tons of steel, down by 0.23% YoY, or by 0.7 thousand tons.
On March 31, Zaporizhstal put its sintering machine #4 into operation after the gas equipment assembly.
Zaporizhstal believes the local market has to be protected from imported rolled metal.
Zaporizhstal exports some 8-10% of its products to Russia, even though its revenues decreased because of the 5% imports duty.
Zaporizhstal has been decreasing metal output because it cannot buy scrap on the local market.
In January-February Zaporizhstal produced 584.7 thousand tons of rolled metal, up by 3.7% YoY.
Ukraine’s government doesn’t think about national economical interests, and the country could turn into a scrap exporter, by disassembling its own works, said Zaporizhstal CEO Rostislav Shurma.
Zaporizhstal has stopped its blast furnace #5 for capital repairs for 45 days.