Located in Ukraine, ArcelorMittal Kryvyi Rih plant is bearing the heavy burden of wartime along with the brave country fighting for its existence. “However, today we are forced to talk about another front – the economic one, where the situation is becoming critical,” says Mauro Longobardo, CEO of ArcelorMittal Kryvyi Rih. “Since July, ArcelorMittal Kryvyi…
The real effect of the U. S. universal 10% duty can be estimated only with time, as the new trade conditions have just come into force and none knows how the market situation will evolve, ArcelorMittal Kryvyi Rih CEO Mauro Longobardo has said. At the same time, the company customers in the USA are trying…
ArcelorMittal Kriviy Rih has announced the increase of salaries by 15% on average from May 1. Depending on the current wages and labor conditions, the increase will amount to 5-22%. The company has decided to pay a remuneration of 50% of average salary for 2024. It will be paid together with salary for March. In…
ArcelorMittal Kriviy Rih expects a further drop of metal output, as well as VAT reimbursement by 100-150 million UAH per month and foreign currency revenue by $50-100 million in case the electricity transmission tariff increases by 26%. On November 13, it was decided that the tariff for electric energy transmission would be increased from 528.57…
ArcelorMittal Kryvyi Rih has announced a decrease in output due to the worsening of the market situation. The company has faced a number of serious challenges, among which are a drop of global iron ore prices, stagnation of European markets and high electricity prices in Ukraine. Decrease in output will not result in personnel firing.…
ArcelorMittal Kriviy Rih has agreed with the claim of the State Environmental Inspection as to the violations that have resulted in air pollution and has paid a fine of more than 10 million UAH. The total amount was 10.19 million UAH. All the money has already been transferred to the budget. 18 types of violations…
A sudden shut down of electricity at ArcelorMittal Kryvyi Rih resulted in a short-term increase in air pollution. In particular, by-product coke manufacture was affected. The result was visible all around the city. 6 hours later, the content of pollutants in the air was back to normal. (Ukrainian metal)
ArcelorMittal Kryviy Rih has apparently started selling off its assets. Thus, there are talks of the company selling two of its corporate recreation centers – Volna and Mariyanovka. Moreover, until the end of the year AMKR will sell one of its profitless mine to Rudomine, that has already revived its quarry. (Ukrainian metal)