Paid taxes are converted to support civilians and the Defense Forces of Ukraine

Zaporizhstal Iron and Steel Works has paid UAH 3.5 billion in taxes and fees to the budgets of all levels during the two years of the full-scale invasion of Ukraine by Russian troops. This is stated in the company’s press release.

«The labor of steelmakers is the fundamental basis of production processes in many industries. No matter what technological heights production reaches, it will always need high-quality metal. So will the work of those who keep hot watch at the furnaces and rolling mills, who supply the industry with rolled metal and make a significant contribution to the country’s economic potential,» the company said.

Since 2022, the company has invested over UAH 1.2 billion to maintain its production facilities. In 2023, investments in projects to maintain the stability and reliability of the company’s main technological facilities are estimated at UAH 750 million. This is half as much as in 2022, when the company invested UAH 500 million. In 2024, investments are expected to reach UAH 1 billion.

As GMK Center reported earlier, Zaporizhstal increased its output by 50.6% year-on-year – to 7.24 million tons in 2023. In particular, the plant produced:

  • pig iron – 2.72 million tons (+35.3% y/y);
  • steel – 2.47 million tons (+65.4%);
  • rolled goods – 2.05 million tons (+57.2%).

Enemy shelling and destruction, interruptions in the supply of raw materials and energy, and disruption of logistics routes due to the blockade of seaports led to a decline in Zaporizhstal’s production performance compared to pre-war levels. In particular, in 2021, the plant produced 4.5 million tons of iron, 3.8 million tons of steel and 3.2 million tons of rolled products. In 2023, the plant operated at an average of 70% of its capacity.