DMZ paid over UAH 657 million in taxes in 2023

Payments increased by 64% compared to 2022

In 2023, Dnipro Metallurgical Plant (DMZ) increased its payments of taxes and duties to the budgets of all levels of Ukraine by 64% compared to 2022, to UAH 657 million. This is stated in the company’s press release.

In the structure of payments to the budgets of all levels, the largest amount is value added tax – UAH 277.5 million. The amount of income tax is UAH 122 million, and the single social contribution (SSC), rent, and other contributions are UAH 257 million.

«I am grateful to every employee of Dnipro Metallurgical Plant for their contribution to improving our country’s defence capability, endurance and strength. We continue to work on the economic front to maintain the financial stability of the country,» said Vitaly Bash, CEO of DCH Steel.

The result of significant support from the state budget was noted by Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy.

As GMK Center reported earlier, in 2023, DMZ increased its rolled steel production by 86.2% compared to 2022, to 105.6 thousand tonnes. Last year, the company’s production of metallurgical coke increased by 38.5% compared to 2022, to 292.7 thousand tonnes.

Last year, DMZ’s rolling mills focused on producing mine supports, mine rails, small volumes of channels and angles for the Ukrainian market. The company also resumed production of profiles in accordance with European standards.

Dnipro Metallurgical Plant is a full-cycle steelmaking enterprise that is part of DCH Group. It produces semi-finished products and structural shapes: channels, angles and rails.

Its main products are square billets (supplied to Turkiye and Egypt), channels with a wide export geography (Europe, Asia, Africa), and pig iron, which is exported mainly to Turkiye.