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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.

Location: Yenakiyevo (EMZ), Makiyivka (MMP), Donetsk oblast, Ukraine
Shareholders: Owner: Metinvest Holding Nationalized by breakaway authorities and controlled by Vneshtorgservis CJSC (South Ossetia)
Markets: Russia, possible reexport to other countries Key markets until 2017 — Bulgaria, Turkey, Italy
Products: Square billets, rebar and wire

Production capacity

Sinter plant 2,000 thousand tons
Blast-furnace production 3 blast furnaces, 3,000 thousand tons
Production of steel 3 BOFs, 3,300 thousand tons
3 ladle furnaces, 2 CCMs
Manufacture of rolled products EMZ:
Long products mills 550 and 360
Rebar mill 280
Wire mill 250
Medium section mill 390
Wire mill 150

Staff and wages

Number of employees 6,699 (2016)
Average wage* UAH 103,000 per annum (2016)
Workforce productivity 300 tons of steel per annum (2016)

* per worker before taxes

Charts and tables

Production results, thousand tons

2012 2220 kt2012
2013 2343 kt2013
2014 1582 kt2014
2015 1542 kt2015
2016 1583 kt2016
2012 2465 kt2012
2013 2584 kt2013
2014 1841 kt2014
2015 1650 kt2015
2016 1828 kt2016
2012 2733 kt2012
2013 2888 kt2013
2014 2062 kt2014
2015 1820 kt2015
2016 1952 kt2016
2017 1166 kt2017
2018 1394 kt2018
2019 1446 kt2019
2020 677 kt2020

Indicative sales structure by products in 2020

Indicative sales structure by countries in 2020

* structure of sales volumes, metric tons

Financial performance, $ million

EBITDA -7.0 5.9 -22.1 40.9 -84.6
EBITDA margin -0.5% 0.6% -3.5% 6.4% -68.5%
Net income -62.0 -32.8 -25.0 14.1 -273.0
Net income margin -4.1% -3.6% -4.0% 2.2% -220.9%
CAPEX 55.6 61.5 10.9 21.7 2.6

Key facts


According to media reports, as of May 19, the plant has not been operating for 2 months and is preparing for bankruptcy. Vneshtorgservice does not pay for the supply of raw materials from the Russian Federation, the workers do not receive wages.


According to media reports, Vneshtorgservice in the summer began the process of transporting an electric arc furnace from the Donetsk Metallurgical Plant to the Yenakievsky Iron and Steel Works.


In May 2020, during the launch of a blast furnace, a fire broke out due to spontaneous release of smelting products.

EMZ completely stopped production facilities from late March to mid-May 2020. The official reason for the shutdown is reconstruction of the oxygen block, the blast furnace No. 3, the basic oxygen furnace No. 1, and the continuous casting machine No. 1. Since mid-May, only one blast furnace No. 5 and one of two BOFs were put into operation.


According to the media, EMZ-produced square billets were supplied to Bulgaria in 2019.

The local media reported about delays in the payment of wages in the fall of 2019. As of February 2020, wage arrears were not repaid. Strikes are under way.

In October 2019, an emergency occurred at EMZ — a 45-minute outage following an accident on the high-voltage line delivering power to the plant. As a result, two out of 24 tuyers of the blast furnace No. 3 failed to function. A spillage of pig iron was however avoided. The blast furnace was halted and put into operation after repair.

In October 2019, a partial collapse of the exhaust gas flue of the basic oxygen converter No. 2 occurred at EMZ, which resulted in a suspension of the BOF.


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.

In 2013

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