Ukraine: Zaporizhstal output down
Zaporizhstal has been decreasing metal output because it cannot buy scrap on the local market.
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.
Zaporizhstal has asked the Cabinet of Ministers of Ukraine to impose mirror duties on Russian metal or make Russia cancel its 5% duty on Ukrainian metal.
In 2015 with the help of continuous development program Zaporizhstal was able to decrease its expenses by 950 million UAH.
Sberbank Rossii demands Zaporizhstal accounts and assets worth 249 million UAH to be arrested.
In 2016 Zaporizhstal plans to deliver some 700 thousand tons of metal via Zaporozhye river port.