Ukraine: AMKR starts producing square rebars

ArcelorMittal Kriviy Rih started producing a new type of metal products according to NAN – die-rolled section No. 10 rebar with square core. In the near future the company plans to start producing such rebars of No. 8 and 12 sections.

AMKR wire shop has already produced 1 thousand tons of square rebars. (Ukrainian metal)

Ukraine: AMKR and Metinvest among world largest metal companies

In 2015 three Ukrainian companies entered the list of world’s largest metal companies. The first place, as in 2014 held ArcelorMittal, owner of ArcelorMittal Kriviy Rih. Last year the corporation produced almost 100 million tons of steel. Evraz Group dropped from 22 to 25 with 14.35 million tons of steel. The group owns Evraz Dneprovsky…

Ukraine: AMKR to shut down open-hearth manufacture

ArcelorMittal Kriviy Rih intends to shut down its open-hearth manufacture when it completes its project of gas-purifying machine assembly at the converter shop. “The operation of the open-hearth furnace was closely connected with the gas-purifying machine project in the converter shop. The sooner we finish the project, the sooner we will close the open-hearth manufacture”,…

Ukraine: AMKR expecting financial results increase

In 2016 ArcelorMittal Kriviy Rih expects to see substantial financial results increase.

“The price situation is improving, we can feel it. If there are no surprises, I’m sure 2016 will be much better than 2015”, said the company CEO Paramjit Kahlon.

AMKR also intends to increase output by 7% YoY. (Ukrainian metal)

Ukraine: AMKR held international blast furnace operators conference

On May 12, ArcelorMittal Kryviy Rih hosted the international scientific-production conference of blast furnace operators “PCI in Blast Furnace Process: commissioning experience and solving issues”. The representatives of major steel companies, unions and holdings of Ukraine as well as representatives of Ukrainian and international companies and scientific-project organizations took part in it. The participants of…

Ukraine: AMKR to produce 6.9 million tons of steel in 2016

In 2016 ArcelorMittal Kriviy Rih intends to produce 6.9 million tons of steel.

According to the company CEO Paramjit Kahlon, it also plans to manufacture 5.8-5.9 million tons of pig iron.

In 2015 AMKR received 1.38 billion UAH of net profits. (Ukrainian metal)

Ukraine: AMKR invests $200 million into development

In 2015 ArcelorMittal Kriviy Rih invested over $200 million into development. “If we take the highly unstable exchange rate into account, then we have invested more that $200 million”, said the company CEO Paramjit Kahlon. According to him the works has finished the construction the pulverized coal injection complex at its #9 blast furnace, overhaul…

Ukraine: AMKR to resume shipping to Russia

ArcelorMittal Kriviy Rih has completely stopped delivering its metal to Russia, as it’s economically inexpedient, but could resume the shipping provided the price increases. “We don’t sell much in Russia. But we could possibly resume our sales there”, said the company CEO Paramjit Kahlon. According to him, the market started to revive and metal prices…

Ukraine: AMKR held shareholders meeting

ArcelorMittal Kriviy Rih hosted an annual shareholders meeting.

According to the reports, last year AMKR received 46.26 billion UAH of net income, with net profits totaling 1.38 billion UAH. Shareholders decided to spend the profits on the company development.

The shareholders meeting at AMRK is held annually not later than April 30. (Ukrainian metal)

Ukraine: AMKR renews equipment in section-rolling shop

ArcelorMittal Kriviy Rih has finished capital repairs of the heating furnace of the 250-3 mill in the section-rolling shop #1.

Ukraine: AMKR CEO appointed CEO of AM CIS

Paramjit Kahlon, vice-president of ArcelorMittal Kriviy Rih and member of the group management committee, has been appointed the chief executive officer of ArcelorMittal CIS (ArcelorMittal Kryviy Rih and ArcelorMittal Temirtau, Kazakhstan), effective as of May 1, 2016. As before, he reports to Davinder Chugh, senior executive vice-president of ArcelorMittal and chief executive officer of Africa and CIS (ACIS) region.

Ukraine: SCM earns Ukrzaliznytsia 30% of its income

Ukrzaliznytsia receives around one third of its income by servicing SCM companies.

Ukraine: AMKR offering social program for pensioners

ArcelorMittal Kriviy Rih has implemented a one-off social program for its pensioners.

Ukraine: AMKR stops using gas at two blast furnaces

ArcelorMittal Kriviy Rih has stopped using natural gas at two of its blast furnaces (##6 and 7) by switching to gasless charge, and thus decreasing the prime cost of pig iron.

Ukraine: AMKR output up in Q1 2016

In January-March ArcelorMittal Kriviy Rih produced 1.34 million tons of rolled metal, up by 1.3% YoY.

Ukraine: AMKR starts selling rolled metal online

ArcelorMittal Kriviy Rih has started selling its metal products through its site.

Ukraine: AMKR opens up a warehouse in Lviv

ArcelorMittal Kriviy Rih has opened a metal warehouse in Lviv.

Ukraine: AMKR ends voluntary dismissal program

ArcelorMittal Kriviy Rih has ended its program of voluntary dismissal.

Ukraine: AMKR stops deliveries to Russia

After Russia imposed the 5% import duty on Ukrainian metal products ArcelorMittal Kriviy Rih has stopped deliveries to this country altogether.

Ukraine: AMKR profits in 2015

In 2015 ArcelorMittal Kriviy Rih received 1.38 billion UAH of profits.

Ukraine: Metinvest the major taxpayer in 2015

In 2015 Metinvest was the largest taxpayer among industrial companies. It paid 8.2 billion UAH of taxes.

Ukraine: AMKR to choose the best inventors

On February 26-27, ArcelorMittal Kriviy Rih will host the Hackaton competition. In 24 hours its participants will try to turn their IT-ideas into prototypes or even ready-made models.