The major Ukrainian ore companies intend to increase ore output in 2016.
In particular, ArcelorMittal Kriviy Rih plans to increase ore output from 926.9 thousand tons to 1060 thousand tons.
Krivbasszhelezrudkom wants to mine 6 million tons of ore, up by 5.6%.
Evraz Sukhaya Balka target is 2898 thousand tons, up by 2.8%. At the same time Marganets GOK will be the only ore producer to decrease output – by 0.2% – to 1385.5 thousand tons, all YoY.
But, according to the experts, the actual results could be different from the targets. The demand for ore on the local market is low, and so is its price. Krivoy Rog Iron Ore Industrial Complex, that supplies ore to Yenakievo and Mariupol Ilyich Iron and Steel Works, now stocks some 1.5 million tons of ore. (Ukrainian metal)