VÍTKOVICE STEEL is a leading European manufacturer of rolled steel products and the largest manufacturer of steel plates in the Czech Republic. The main production program includes heavy plates and shaped cutouts, which are produced in the sheet metal rolling mill, and sheet piles, which are produced in the heavy beam rolling mill.
The company is the only manufacturer of sheet piles in the Czech Republic and one of only two manufacturers in the European Union. The production of heavy plates enjoys a strong market share in the key domestic market. Products undergo quality control in our own accredited testing laboratories that have the most advanced testing equipment.
The Duo and Cut shapes operation have achieved a historic milestone last month with the best OTIF (ON TIME IN FULL - contracts delivered on time and in full).
We would like to thank all applicants for the financial grant from the VÍTKOVICE STEEL Endowment Fund. Once again we received a large number of applications and the managing board will decide on the allocation of financial assistance in the autumn of this year.
VÍTKOVICE STEEL returns to profit making after difficult loss years. It achieved 25 M CZK net profit for the first three quarters of this year and the outlook is still positive in spite of the utility price increase. The company profited from the recovery of demand for steel products as well as improving of efficiency of its production processes. The good results will be reflected in employee remunerations.
VÍTKOVICE STEEL residing in Ostrava achieved the best economic result for the last 3 years despite the difficulties caused by the coronavirus pandemic. The financial result is negative but operational EBITDA is zero which confirms the positive trend of operational performance.