Doing business
In January-June 2024, DCH Steel Group’s enterprises – Dnipro Metallurgical Plant (DMZ) and Sukha Balka mine – increased tax payments to the budgets of all levels of Ukraine by 9.5% compared to the same period in 2023, up to UAH 459 million. This is stated in the corporate newspaper DCH.
In January-July 2024, Dnipro Metallurgical Plant paid UAH 292 million in taxes. In particular, value added tax (VAT) amounted to UAH 129 million, income tax – UAH 28 million, unified social contribution (USC) – UAH 43 million, personal income tax (PIT) – UAH 38 million, and other taxes – UAH 54 million.
The total amount of taxes paid by Sukha Balka mine is UAH 167 million. This includes UAH 80 million in rent for the use of subsoil for mining, UAH 37 million in unified social tax, UAH 34 million in personal income tax and UAH 16 million in other taxes.
In January-March 2024, DMZ increased its tax payments by 24.5% compared to the same period in 2023 to UAH 161.8 million, and Sukha Balka iron ore mining company increased its tax payments to UAH 81 million.
In 2023, DMZ increased rolled steel production by 86.2% compared to 2022, to 105.6 thousand tons. Last year, the company’s production of metallurgical coke increased by 38.5% yoy to 292.7 thousand tons. “Last year, Sukha Balka produced almost 931 thousand tons of commercial iron ore.