ArcelortMittal Kriviy Rih is making 20-25% of products it can manufacture.
According to the company CEO Mauro Longobardo, the operation was affected by logistics problems.
AMKR used to produce 6 million tons of steel, of which 80% were exported via Odesa and Mykolaiv ports.
Railroad transportation costs increased 5-fold.
“Thus, we are unable to regain our profits,” Longobardo said.
In October, the company experienced problems with electricity supply. Usually AMKR consumes 400 MWh, while now – 120 MWh, but even they are not always available. (Ukrainian metal)