Zaporizhstal ( uk, Запорізький металургійний комбінат «Запоріжсталь») is

Ukraine Ukraine ( uk, Україна, Ukraïna, ) is a country in Eastern Europe. It is the second-largest European country after Russia, which it borders to the east and northeast. Ukraine covers approximately . Prior to the ongoing Russian inva ...

's fourth-largest

steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistan ...

maker with an annual capacity of 4.5 million tonnes of steel, 3.3 million tonnes of

pig iron Pig iron, also known as crude iron, is an intermediate product of the iron industry in the production of steel which is obtained by smelting iron ore in a blast furnace. Pig iron has a high carbon content, typically 3.8–4.7%, along with ...

, and 4.1 million of finished steel products, and ranks 54th in the world. The company is Ukraine's only manufacturer of cold-rolled sheets, used in car manufacturing, as well as tinplates and polished stainless and alloyed steel. Zaporizhstal is located in the city of

Zaporizhzhia Zaporizhzhia ( uk, Запоріжжя) or Zaporozhye (russian: Запорожье) is a city in southeast Ukraine, situated on the banks of the Dnieper River. It is the administrative centre of Zaporizhzhia Oblast. Zaporizhzhia has a populat ...

, in a region with the highest per capita electricity output in Ukraine, close to raw material suppliers and steel consumers (pipe and machine building companies). The company was founded in 1933.

Ownership

After the collapse of the

USSR The Soviet Union,. officially the Union of Soviet Socialist Republics. (USSR),. was a transcontinental country that spanned much of Eurasia from 1922 to 1991. A flagship communist state, it was nominally a federal union of fifteen nati ...

and the independence of

, the mill fell into the hands of the Ukrainian government. When

privatization Privatization (also privatisation in British English) can mean several different things, most commonly referring to moving something from the public sector into the private sector. It is also sometimes used as a synonym for deregulation when ...

began in the mid-1990s, Vasily Khmelnytsky, an ambitious politician-turned-businessman, was named manager of the state's stake in the plant, and subsequently engineered the insider sale of many shares of the plant to his own investment company. The Ukrainian government began offering shares in Zaporizhstal in cash auctions in 1999. By 2001,

Vasyl Khmelnytsky Vasyl Khmelnytsky (born 10 September 1966, Bayanaul, Kazakhstan, USSR) is a Ukrainian entrepreneur and founder of holding company UFuture. Biography Khmelnytsky was born in Kazakhstan, in the village of Bayanaul, Pavlodar Region. His father w ...

and a consortium led by the

Midland Group The Midland Group is an international trading and investment holding company. Registered in Guernsey under the name Midland Resources Holding Ltd, the group owns a number of subsidiaries across the agriculture, manufacturing, real estate, shippin ...

controlled 93% of the mill. According to court documents, the Midland Group sold its 50% stake in 2009 to then-independent investment bank

Troika Dialog Sberbank CIB is a multinational investment banking and asset management firm headquartered in Moscow, Russia, and a subsidiary of Sberbank. It was founded in Moscow in 1991, and was formerly known as Troika Dialog. Sberbank CIB's core lines o ...

following a bidding war that included other Zaporizhstal shareholders. However, ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' reports that the mill was sold in an offshore transaction that included five separate companies and was financed by Russian state-owned

Vnesheconombank VEB.RF, or VEB (russian: ВЭБ.РФ (ex-Vnesheconombank)), is a Russian state development corporation. It was founded in 2007 as a development institute. VEB.RF is an investment company and development institute in Russia. It has financed more t ...

. It's unclear how this reporting relates to the UK court record of the sale to Troika. A Ukrainian holding company, Metinvest, eventually became full owners of the mill in 2013.

Production

In 2003, the company produced 4,355 ths. tonnes of raw steel (market share of 12%) and 3,625 ths. tonnes of finished steel products (11% share). Exports, delivered to 59 countries, accounted for 70% of Zaporizhstal's 2003 sales, with China, Middle Eastern states and the CIS among the main destinations. In 2015, the company has made 3.81 million tonnes of cast iron, 3.98 million tonnes of steel, 3.35 million tonnes of rolled steel. Zaporizhstal is considered to be one of the largest polluting companies in Ukraine.

Directors

* 1934—1937 — Isak Rohachevskyi * 1937—1948 — Anatoliy Kuzmin * 1948—1956 —

Anastas Boborykin Anastas is both a surname and a given name. Notable people with the name include: Surname: * Benjamin Anastas (born 1969), American novelist, journalist and critic born in Gloucester, Massachusetts * Jonathan Anastas, Los Angeles-based advertisi ...

* 1956—1982 —

Lev Yupko Lev may refer to: Common uses *Bulgarian lev, the currency of Bulgaria *an abbreviation for Leviticus, the third book of the Hebrew Bible and the Torah People and fictional characters *Lev (given name) * Lev (surname) Places *Lev, Azerbaijan, ...

* 1982—1986 —

Oleksandr Herasymenko Alexander is a male given name. The most prominent bearer of the name is Alexander the Great, the king of the Ancient Greek kingdom of Macedonia who created one of the largest empires in ancient history. Variants listed here are Aleksandar, Al ...

* 1986—2012 —

Vitaliy Satskyi Vitaliy Antonovych Satskyi ( uk, Віталій Антонович Сацький) was a Ukrainian politician, director of Zaporizhstal, former metallurgist. He was a member of the Academy of Mining Sciences of Ukraine (1993), the Academy of Engin ...

* 2012—2019 —

Rostyslav Shurma Rostyslav Shurma ( uk, Ростислав Ігорович Шурма; born 17 September 1983) is a Ukrainian statesman, as well as the Deputy Head of the Office of the President of Ukraine. He was the CEO of the Zaporizhstal plant from 2012 t ...

* from 2019 — Oleksandr Myronenko

Awards

*Order of Lenin *Order of the October Revolution

References

External links