Elektrostal

Elektrostal is a mini electric steelmaking plant. It was put into operation in 2008. According to the media, the volume of investment in the plant construction amounted to $80 million. Elektrostal produces square billets. Until trade with non-government controlled territories of Donetsk oblast stopped, Elektrostal operated in close cooperation with Donetsk Rolled Steel Plant (DRSP) — it supplied billets for the manufacture of rolled products. As of 2018, all products were exported.

Location: Kurakhovo, Donetsk oblast, Ukraine
Shareholders: Igor Andreyev
Markets: Turkey, Egypt, Algeria, Italy
Products: Square billets

Production capacity

Production of steel Electric arc furnace, 565 thousand tons
Ladle furnace
Triple-strand CCM

Staff and wages

Number of employees 849
Average wage* UAH 89,000 per annum
Workforce productivity 520 tons of steel per annum

* per worker before taxes

Charts and tables

Production results, thousand tons

500450400350300250200150100500
2012 477 kt2012
2013 365 kt2013
2014 410 kt2014
2015 301 kt2015
2016 327 kt2016
2017 437 kt2017
2018 290 kt2018

Indicative sales structure by products in 2018

Indicative sales structure by countries in 2018

* structure of sales volumes, metric tons

Key facts

In February 2019

Electrostal started the liquidation procedure, as the company had faced problems with debt repayment to banks (Delta Bank — $8.8 million and EUR 1.5 million, VTB Bank — $26 million). According to the media, the plant continues operation, presumably as another legal entity.

In December 2018 to February 2019

The plant stopped production because of high scrap prices and declining of semi-finished products prices. According to the media, Elektrostal is going to resume production in March 2019.

2016-2017

The media say that Elektrostal spent UAH 3.5 million in capital investment in 2017, and UAH 4 million in 2016.

2011

According to the media, in 2011, Elektrostal’s scrap melting ratio for the production of 1 ton of steel was 1.1 ton, electricity consumption — 404 kilowatt hours, oxygen — 33.4 cubic meters per ton.

Sources: websites of the companies, media outlets