Donetsk Metallurgical Plant

Donetsk Metallurgical Plant OJSC (DMP) has capacities for production of flat and long products. Its product range includes round and square bars, rebar, spring plates, long structural shapes and hot rolled plates.

DMP cooperated with “Donetsksteel”-metallurgical plant on a tolling basis. It purchased slabs from “Donetsksteel”-metallurgical plant, and square billets from Donetsk Electrometallurgical Plant.

In 2013, the plate rolling mill was shut down. Since 2014, the section mills have not worked. Before the nationalization in 2017, DMP leased out its facilities to “Donetsksteel”-metallurgical plant.

Location: Donetsk, Donetsk oblast, Ukraine
Shareholders: “Donetsksteel”-metallurgical plant (47.99%), Fintest Trading Co Ltd (15.21%), the Bank of New York Mellon (8.59%), Banque Pictet & Cie SA (6.48%), Oleksandr Volodenkov (6.32%) Nationalized by breakaway authorities and controlled by Vneshtorgservis CJSC (South Ossetia)

Production capacity

Production of long products mills 250, 350 and 400, 370 thousand tons
Production of flat products mill 2300, 520 thousand tons

Staff and wages

Number of employees 235 (2016)
Average wage* UAH 31,000 per annum (2016)

* per worker before taxes

Charts and tables

Production results, thousand tons

9080706050403020100
2012 82 kt2012
2013 27 kt2013
80706050403020100
2012 75 kt2012

* structure of sales volumes, metric tons

Financial performance, $ million

 20132014201520162017
Sales111103
EBITDA-9-5-1-4-17
EBITDA margin -89.0% -329.0% -179.0% -1537.4% -531.6%
Net income-13-8-4-5-17
Net income margin -118.9% -595.1% -531.1% -2003.1% -547.0%
CAPEX72000

Key facts

In 2017

Shareholders lost control over the capacities of DMP. The plant has been nationalized by breakaway authorities.

 

Sources: websites of the companies, media outlets