Despite the words of Zakharchenko, the head of the so-called Donetsk People’s Republic, a terrorist organization, supported by Russia, Yenakievo Iron and Steel Works belongs to Metinvest and has no dealings with the terrorists.
In January-August Yenakievo Iron and Steel Works, a part of Metinvest, produced 1.16 million tons of rolled metal, down by 32.4% YoY.
Yenakievo Iron and Steel Works, a part of Metinvest, has changed its legal address and registered anew in Mariupol.
The largest Ukrainian mining and metal company Metinvest has said that its enterprises are operating under Ukrainian law and its Khartsyzsk Pipe Works and Yenakievo Iron and Steel Works (both based in Donetsk region) have been re-registered in Ukrainian controlled Mariupol, and has expressed hope that VAT for exported goods will be refunded.
Metinvest Group states that Yenakievo Iron and Steel Works (Donetsk region) works in the legal field of Ukraine.
Yenakievo Iron and Steel Works started producing a new type of 22, 25 and 28 mm plain reinforcement bar.
In January-March Yenakievo Iron and Steel Works, a part of the Metinvest group, received 341.9 million UAH of profit.
In 2014 Yenakievo Iron and Steel Works (EMZ), a part of the Metinvest group, increased its net losses by 55.6%, to 771.82 million UAH YoY (496.01 million UAH in 2013).
