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Zaporizhstal reduced steel production due to "market conditions"

Ukraine / Ferrous metallurgy

Zaporizhstal Metallurgical Plant announced the results of production activities in August 2020.

Zaporizhstal reduced steel production due to "market conditions"

Steel production at the metallurgical plant Zaporizhstal of Metinvest Group in August 2020 decreased by 4.2% compared to August 2019 and amounted to 336 thousand tons. The output of finished rolled products decreased by 2.9% to 282.3 thousand tons, while the production of commercial pig iron increased by 0.2% year-on-year to 394.8 thousand tons.

"The decline in steel and rolled products production in August 2020 compared to the same period in 2019 is due to the market conditions," the company explained.

In total, in January-August 2020, Zaporizhstal produced 2 million 899.6 thousand tons of pig iron, 2 million 455.6 thousand tons of steel, 2 million 086.4 thousand tons of rolled products.

PJSC "Zaporizhstal" is a full-cycle metallurgical enterprise, which occupies a leading position in the production of steel in Ukraine, the volume of export of metal products to more than 50 countries of the world, as well as tax deductions.

МЕТАЛЛУРГПРОМ
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