Alchevsk Iron and Steel Works
Alchevsk Iron and Steel Works is an integrated steel company. It used to be a part of the Industrial Union of Donbas corporation. Control over the company was lost in December 2017.
Alchevsk Iron and Steel Works produces semi-finished products (slabs and square billets), flat and long products, including structural shapes. Slabs were shipped to the EU companies of the ISD Group — ISD Dunaferr (Hungary) and ISD Huta Częstochowa (Poland).
Production capacity
2 double-strand slab casting machines
Twin ladle furnace
Vacuum degasser
plate mill 2250
plate mill 3000
semi-continuous heavy section mill 600
Staff and wages
12,296 (2015)
UAH 50,000 per annum (2015)
55 tons of steel per annum (2015)
* per worker before taxes
Charts and tables
Production results, thousand tons
Indicative sales structure by products in 2020 *
Indicative sales structure by countries in 2020 *
* structure of sales volumes, metric tons
Financial performance, $ million
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Sales | 1845 | 1252 | 361 | N/A | N/A |
| EBITDA | -80 | 247 | 127 | N/A | N/A |
| EBITDA margin | -4.3% | 19.7% | 35.2% | N/A | N/A |
| Net income | -217 | -1698 | -1076 | N/A | N/A |
| Net income margin | -11.8% | -135.6% | -298.2% | N/A | N/A |
| CAPEX | 0 | 0 | 0 | N/A | N/A |
Key facts
2021
In April, workers of the Alchevsk Iron and Steel Works went to protest actions over non-payment of wages.
2020
According to media reports, in November 2020, the Alchevsk Iron and Steel Works was stopped due to a lack of raw materials.
2020
According to the local media, in June 2020, the only operating blast furnace No. 5 was halted at Alchevsk Iron and Steel Works.
In February and June 2020, workers of Alchevsk Iron and Steel Works went on strike because of delays in the payment of wage arrears, according to the local media.
According to the local media, in March 2020, a fire broke out at Alchevsk Iron and Steel Works due to a gas pipeline accident. The production process was suspended.
In February 2017
The plant completely stopped. In December 2017, the blast furnace 5 was put into operation. Since then, the plant has been operating as a branch of Vneshtorgservis CJSC. According to the media, iron ore is shipped as humanitarian aid through Rosrezerv, Russian state agency. Finished products are sold through Russia’s Gaz-Alliance, an intermediary between Vneshtorgservis CJSC and final consumers.
In a commentary to the mass media, a representative of Vneshtorgservis said that Alchevsk Iron and Steel Works produced 1.5 million tons of finished products from December 2017 to December 2018. The 2019 target is to increase the output.
In October 2018
The Commercial Court of Luhansk oblast instituted the bankruptcy proceedings against Alchevsk Iron and Steel Works. A debt moratorium was imposed, and an arbitration manager was appointed.
In November 2018
A vessel was arrested in Mariupol that transported products of Alchevsk Iron and Steel Works from a Russian port to Belgium.
In January 2019
The roof of a shop of Alchevsk Iron and Steel Works collapsed. In February 2019, the plant was on the verge of shutdown because of the lack of raw materials.
Sources: websites of the companies, media outlets
18 November 2024
30 June 2021
24 February 2020
19 September 2019
02 September 2019
22 July 2019