It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, in June this year managed to keep its production at reasonable levels, with three out of five blast furnaces running, despite the continuing difficult market conditions and the decreasing number of orders.
Mr. V. Vaideeswaran, acting CEO of ArcelorMittal Kriviy Rih, said the company was suffering in the export markets due to the current unfair situation, as it was competing with the extra cost of non-payment of VAT refunds. He said that “We expect the government to go back as soon as possible to normality on this matter.”
He added that the hope that Ukraine’s improved relationship with Russia would also open the steel market for Ukrainian exports and those technical barriers in the form of quotas would be lifted.
He added that the hope that Ukraine’s improved relationship with Russia would also open the steel market for Ukrainian exports and those technical barriers in the form of quotas would be lifted.
|
Product
|
June 2010, t
|
June 2009, t
|
January-June 2010, t
|
January-June 2009, t
|
|
Pig iron
|
419,800
|
343,600
|
2,663,500
|
2,026,900
|
|
Steel
|
487,700
|
399,400
|
3,066,100
|
2,286,400
|
|
Rolled steel products
|
410,100
|
352,000
|
2,632,800
|
2,126,900
|
(SteelOrbis)