Dniprospetsstal

Dniprospetsstal is the largest producer of long stainless steel products in Ukraine. The company produces more than 800 grades of steel and alloys and more than 1,000 types of rolled products.

The main products of Dniprospetsstal are bars of stainless, tool, heat-resistant, high-speed and bearing steel, round bars 2–280 mm in diameter, including bars with special surface finish and of calibrated hexagonal cross section, as well as bulky forgings of round, square and rectangular cross section.

Location: Dnipro, Ukraine
Shareholders: VS Energy, Privat Group (according to the media)
Markets: Ukraine, Russia, the EU Member States
Products: Stainless steel

Production capacity

Production of steel Powder steel making shop: induction furnace
Steel melting shop 2: open electric arc furnace, argon-oxygen BOF, ladle furnace
Steel melting shop 3: ladle furnace, vacuum degasser
Steel melting shop 5: vacuum arc remelting furnace, electroslag remelting furnace
Semi-finished products shop Heavy section mill 1050/950
Sections mills 550, 325, 280
Calibration shop
Press forging shop: hydraulic presses of 60 MN and 32 MN
Forging shop: radial forging machines of 10 MN and 3.4 MN
Steel dressing and polishing shop: 2 turning and finishing lines

Staff and wages

Number of employees 5,224
Average wage* UAH 152,000 per annum

* per worker before taxes

Charts and tables

Production results, thousand tons

400350300250200150100500
2012 328.5 kt2012
2013 273.7 kt2013
2014 276.7 kt2014
2015 243.4 kt2015
2016 235.8 kt2016
2017 256.8 kt2017
2018 246 kt2018
300250200150100500
2012 215.4 kt2012
2013 173.2 kt2013
2014 172.3 kt2014
2015 149.7 kt2015
2016 147.5 kt2016
2017 165.2 kt2017
2018 158.2 kt2018
80706050403020100
2012 76.2 kt2012
2013 65.4 kt2013
2014 59.6 kt2014
2015 45.6 kt2015
2016 46 kt2016
2017 52.6 kt2017
2018 56.3 kt2018
20151050
2012 14.2 kt2012
2013 13.5 kt2013
2014 15.4 kt2014
2015 17.1 kt2015
2016 17.5 kt2016
2017 20.0 kt2017
2018 17.1 kt2018
706050403020100
2012 65.7 kt2012
2013 61.3 kt2013
2014 64.1 kt2014
2015 57.1 kt2015
2016 56.5 kt2016
2017 60.6 kt2017
2018 61.1 kt2018
6050403020100
2012 59.2 kt2012
2013 32.9 kt2013
2014 33.2 kt2014
2015 30 kt2015
2016 27.4 kt2016
2017 31.9 kt2017
2018 23.7 kt2018

Indicative sales structure by products in 2018

Indicative sales structure by countries in 2018

* structure of sales volumes, metric tons

Financial performance, $ million

 201320142015201620172018
Sales 460.2 409.4 314.6 246.8 307.0354
EBITDA 31.9 40.2 44.6 28.0 33.610
EBITDA margin 6.9%9.8% 14.2% 11.4% 11.0%2.83%
Net income 0.9 -74.0-32.4 -15.82.0-16
Net income margin 0.2%-18.1%-10.3%-6.4% 0.7%-4.44%
CAPEX 2.4 1.7 1.1 4.5 2.12

Key facts

2019

Dniprospetsstal cut its steel production volume in 1st half of 2019 by 15.8%. Company has negative net margin after 6m 2019.

2018

Capacity utilization rate of Dniprospetsstal steel production units in 2018 was 26.9%, according to the 2018 Annual Report.

2018

According to the company’s management, after the imposition of import duties by the U.S. in 2018, Dniprospetsstal started to tap into the Canadian market. The Indian market was rated as promising as well.

In 2017

Dniprospetsstal began to work in China through local agents. Earlier, its products were supplied to the Chinese market under brands of other companies.

In 2017

Dniprospetsstal complied with the requirements of Ukraine’s national standards for technical parameters of rough axles for rolling stock locomotives and, thus, got the opportunity to manufacture new products for Ukrainian railways.

In 2015

The oxygen storage section was built, and equipped with facilities rented from Linde Gas Ukraine.

In 2012

Dniprospetsstal put into operation the ferromolybdenum production section in the steel melting shop 2.

Sources: websites of the companies, media outlets