Ukraine: Metinvest to halt Zaporizhstal
Metinvest, owner of the number of Ukrainian works, including Zaporizhstal, threatens to stop them.
Metinvest, owner of the number of Ukrainian works, including Zaporizhstal, threatens to stop them.
Zaporizhstal has entered the final stage of its sintering shop reconstruction project – the works has stopped its sintering machine #3 to connect the main gas-purifying equipment.
In January-October Zaporizhstal produced 3.1 million tons of pig iron, 3.34 million tons of steel and 2.85 million tons of rolled metal, all up by 7.9%, 1.4% and 1.2% YoY respectively.
Zaporizhstal has faced difficulties with its project of the new converter shop construction due to its inability to access foreign financial markets.
In 2015 Zaporizhstal plans to increase its net profit 2.2 times, to $150 million.
In 2015 Zaporizhstal plans to receive $300 million of EBITDA.
The Ukrainian largest private metal company – Metinvest – thinks positively of the Zaporizhstal operation and supports its development.
Zaporizhstal, a part of the Metinvest Group of Companies, expects the Ministry for infrastructure to prolong winter navigation on the river Dnepr, to decrease metal transportation costs.