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).
2 double-strand slab casting machines
Twin ladle furnace
plate mill 2250
plate mill 3000
semi-continuous heavy section mill 600
Staff and wages
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 2018 *
Indicative sales structure by countries in 2018 *
* structure of sales volumes, metric tons
Financial performance, $ million
|Net income margin||-11.8%||-135.6%||-298.2%||N/A||N/A|
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