Yenakieve Iron and Steel Works
Yenakieve Iron and Steel Works (EMZ) is an integrated steelmaking company. EMZ was part of Metinvest Holding. Control over the company has been lost since March 2017. EMZ produces square billets, rebar, wire rods and long products. EMZ operates in close cooperation with Makiyivka Metals Plant (MMP), which is a branch of EMZ that manufactures rolled products from EMZ billets. Earlier, the main foreign customer of square billets was Promet Steel, a Bulgarian plant of Metinvest Holding.
3 ladle furnaces, 2 CCMs
Long products mills 550 and 360
Rebar mill 280
Wire mill 250
Medium section mill 390
Wire mill 150
Staff and wages
* 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||-4.1%||-3.6%||-4.0%||2.2%||-220.9%|
According to the media, EMZ exported billets and rebar to the Russian Federation in 2018. Specifically, the largest buyer of EMZ billets is Reviakino Metals Plant. EMZ products can be reexported from Russia. In particular, some media outlets offered quotations for EMZ products shipped to Turkey.
In April 2018
A fire broke out at EMZ in the main building of the BOF shop. Equipment and control panels were destroyed. According to the media, the ladle with steel and one of the two CCMs have been burnt down. The plant was completely shut down, but in May 2018 it was back into production.
According to the media, EMZ resumed production — the first blast furnace started to operate in April 2017, and the second one in August 2017. 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, the Russian state agency. Finished products are sold through Russia’s Gaz-Alliance, an intermediary between Vneshtorgservis CJSC and final consumers.
In March 2017
Metinvest Holding said it had lost control over EMZ. The plant was completely shut down.
Metinvest Holding announced its plans to invest $1 billion in the reconstruction of EMZ, in particular it intended to build a new sintering plant and a CCM.
Sources: websites of the companies, media outlets