Zaporizhstal Steel Production Shrinks in 2020
Metinvest group’s integrated steel mill Zaporizhstal announced the production results for 2020. Zaporizhstal pig iron production in 2020 was 4.471 million
Metinvest group’s integrated steel mill Zaporizhstal announced the production results for 2020. Zaporizhstal pig iron production in 2020 was 4.471 million tonnes up 2.5% YoY while crude steel & finished steel production was 3.784 million tonnes & 3.204 million tonnes down 5.5% & 4.3% YoY respectively.
In December last year, Zaporizhstal saw its pig iron output increase to 397,500 tonne, up 0.9% YoY. Meanwhile, crude steel production rose by 4.6% YoY to 345,600 tonnes and finished steel output increased by 5.2% YoY to 287,600 tonnes.
Founded in 1933, Zaporizhstal has annual capacity of 4.5 million tonnes of steel, 3.3 million tonnes of pig iron and 4.1 million of finished steel products. Zaporizhstal is located in the city of Zaporizhzhia in Ukaraine, a region with the highest per capita electricity output in Ukraine, close to raw material suppliers and steel consumers pipe and machine building companies.
Wikipedia Update “After the collapse of the USSR and the independence of Ukraine, the mill fell into the hands of the Ukrainian government. When privatization began in the mid 1990s, Mr Vasily Khmelnytskywas named manager of the state's stake in the plant and subsequently engineered the insider sale of many shares of the plant to his own investment company. The Ukrainian government began offering shares in Zaporizhstal in cash auctions in 1999. By 2001, Mr Khmelnytsky and a consortium led by the Midland Group controlled 93% of the mill. A Ukrainian holding company, Metinvest, eventually became full owners of the mill in 2013.”