In 2021, Krivoy Rog Iron Ore Industrial Complex increased net profit 2.37-fold YoY, to 4.02 billion UAH.
Net income grew by 68.9%, to 11.16 billion UAH.
Iron ore output with iron content of 58.32% was 4.298 million tons. 30% was supplied to Mariupol Ilyich Iron and Steel Works, but in Q1 2022 deliveries decreased to 18%.
This year, KZhRK has started supplying ore to Zaporizhstal (5.6% of the total volume) and increased deliveries to Kametstal as well as foreign customers, in particular, to the Czech Republic and Slovakia.
This year, the enterprise intends to produce 4.33 million tons of ore and sell 4.6 million tons, with 1.55 million tons to the domestic market and 3.05 million tons for export.
The company plans to receive 3.98 billion UAH of net profit with the net income of 12.42 billion UAH.
As of late March, the enterprise employed 6451 people. 630 have been mobilized to the Armed Forces. (Ukrainian metal)