In 2016 Zaporizhstal delivered over 540 thousand tons of metal to its customers via river transport through the Zaporozhye river port. River transportation allows the company to decrease logistics expenses and increase delivery speed. “We have worked out a stable logistics model of river transportation. Now the state has to develop this method and create…
In 2016 Zaporizhstal expects to decrease gas consumption by 18.6% YoY, to 166 million cubic meters. According to the company statement, in 2013 the works consumed 236 million cubic meters of natural gas, in 2014 – 206 million, and in 2015 – 204 million. In October Zaporizhstal reached the lowest gas consumption level of 10…
In January-November Zaporizhstal produced 3.586 million tons of steel, down by 1.1% YoY. According to the company statement, its pig iron output decreased by 3.4% YoY, to 3.337 million tons, while that of rolled metal went up by 1.6% YoY, to 3.1 million tons. In November Zaporizhstal produced 276.1 thousand tons of pig iron, 311.9…
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…