From May 1, ArcelorMittal Kriviy Rih intends to increase wages of its employees by 15-20%.
2018 was a difficult year for the company, as a roof of the converter shop caved-in, the blast furnace No. 9 reconstruction took longer than planned and difficulties with logistics resulted in a 22% drop in steel output.
Moreover, the company has lost a number of very important markets – Russia, US, and Egypt. And just two days ago UAE imposed import duties. (Ukrainian metal)