OREANDA-NEWS. April 01, 2011. In 2010 Zaporizhstal JSC obtained the following technical and economic indexes.

The production plan on all types of products was fulfilled. 2,763 million tons of pig iron was smelted; 3,449 million tons of steel was produced; 2,855 million tons of rolled stock was shipped.

In 2010 production volumes in comparison with the 2009 level have increased: on pig-iron by 31,0 thousand tons (1,1 %), on steel by 171,7 thousand tons (5,2 %), on rolled stock by 105,6 thousand tons (3,8 %).

In 2010 shipment of rolled stock in the home market amounted to 38,8 %. The basic share of rolled stock — 61,2 %, the Works exported. Products were shipped to 61 countries of the world. The metal products were exported via sea commercial ports of the cities of Ilyichevsk, Odessa, Izmail, Nikolaev, Mariupol, Sevastopol, and also via land boundaries of Ukraine.

Commercial output realization amounted to 12,617 billion UAH.

Commercial sales of products in 2010 against last year have increased by 4,227 billion UAH or 50,4 % which in many respects is caused by the growth of the sales volumes and prices for rolled stock. Thus the rise in prices for the main types of raw materials and fuel and energy resources promoted considerable growth of the cost price of the products. As a whole the results of 2010 allowed the Works to obtain profitable performance level.

The financial result before taxation for 2010 amounted to 156,1 million UAH of profits against 290,5 million UAH of losses in 2009.

Also against the level of 2009 the expenses on payment of wages and social deductions have increased by 120,1 million UAH and carrying out of major repairs — by 103,8 million UAH.

Throughout 2010 the Works carried out reconstruction and modernization of the fixed assets and current and major repairs of equipment. Restoring repair of blast furnace № 4 was carried out. Jobs regarding introduction of power saving technologies proceeded. In particular, introduction of the PCI technology is approaching its completion. In November 2010 industrial tests of the PCI complex started, allowing the Works to save natural gas and coke for the production of pig iron.

To fulfill the listed measures the Works used both its own and also borrowed funds. The fact of granting of long-term credits by nonresident banks with a covering of the European insurance agencies is a factor of trust of international finance and credit institutions in Zaporizhstal JSC. 593,9 million UAH was spent on the fulfillment of running and capital repairs, reconstruction, modernization and capital construction in 2010.