In the first quarter of 2024, Dnipro Metallurgical Plant (DMZ) increased its payments of taxes and fees to the budgets of all levels in Ukraine by 24.5% compared to the same period in 2023, reaching UAH 161.8 million, as stated in the corporate newspaper of DCH Steel.

The amount of income tax paid by the company doubled to UAH 26.1 million, while the environmental tax saw a 4.5-fold increase, reaching UAH 1.2 million. The amount of accrued value-added tax increased by 33.8% to UAH 72.7 million. DMZ also paid UAH 19.1 million in unified social tax, reflecting a 9.3% increase, and pension and other social taxes also experienced an upward trend.

In the first quarter of 2024, DMZ reduced its rolled steel production by 60.6% year-on-year to 11.5 thousand tons, while coke output increased by 52.2% to 69.8 thousand tons.

Previously reported by GMK Center, in 2023, DMZ increased its taxes and duties to the budgets of all levels in Ukraine by 64% compared to 2022, reaching UAH 657 million. The largest portion of payments was value-added tax, amounting to UAH 277.5 million, followed by income tax at UAH 122 million, and unified social tax, rent, and other contributions totaling UAH 257 million.

Last year, the company increased its rolled steel production by 86.2% compared to 2022, reaching 105.6 thousand tons, while its production of metallurgical coke increased by 38.5% to 292.7 thousand tons.

Dnipro Metallurgical Plant is one of the largest metallurgical enterprises in Ukraine and is part of DCH Steel, a division of DCH Group. DMZ produces the largest range of channels and angles in Ukraine and is currently the only domestic producer of special profiles for the machine-building and mining industries.