On May 29, shareholders of Dneprospetsstal heard reports for 2023, renewed the supervisory board composition, made amendments to the statutory documents and liquidated revision commission as the controlling body. Due to the profitless operation of the company in 2023, it was decided to reimburse the losses with the profit from future periods. Maxim Kovtun and…
In 2022, Dneprospetsstal increased its net loss 4.1-fold YoY, to 1.901 billion UAH. According to the information prepared for the shareholders meeting scheduled for May 31, uncovered losses of the company last year amounted to 4.91 billion UAH. The meeting is expected to sum up the results of operation n 2021 and 2022, approve annual…
A court has arrested 6.8% of Dneprospetsstal shares belonging to Oksana Marchenko, wife to Victor Medvedchuk, via three offshore companies. According to the Security Service of Ukraine, the value of the shares exceeds 440 million UAH. The strategically important enterprise specializes in the manufacture of almost 1 thousand types of steel and metal wares. Russian…
In 2021, Dneprospetsstal received a net loss of 461.023 million UAH, down from 887.843 million UAH in 2020. Uncovered losses last year amounted to 3.307 billion UAH. At the annual meeting scheduled for December 21 shareholders intend to sum up the results of the work in 2021 and approve of considerable deals, as well as…
Dneprospetsstal has resumed operation at the level of 55%. In case logistics problems are solved, the volumes of high-tech steel manufacture will increase to 75%. “The company is export-oriented. We export a lot of our products. At the same time, the company is import-oriented as to raw materials. Around two thirds are imported,” the company…
Dneprospetsstal in Zaporizhzhya is slowly resuming operation, in particular, to supply stainless steel to Centravis Production Ukraine. “DSS is our main supplier of billets,” Centravis CSO Artem Atanasov has said. Dneprospetsstal is the only producer of bars and forgings made of special steel grades: stainless, tool, speed, bearing, structure, as well as heat-resistant nickel-based alloys.…
Dneprospetsstal, situated in Zaporozhye, has limited operation. “In order to provide technogenic safety, steel production has been suspended,” the company said. All the other shops are operating. Shift work has been adjusted to curfew. (Ukrainian metal)
In January-April, Dneprospetsstal increased rolled metal output by 19.1% YoY, to 56 thousand tons. Steel manufacture grew by 13.4%, to 76 thousand tons. In April, DSS produced 21 thousand tons of steel and 14 thousand tons of rolled metal. (Ukrainian metal)
