In January-October, ArcelorMittal Kriviy Rih increased pig iron manufacture by 13.9% YoY, to 4.57 million tons. Steel output grew by 8.9%, to 4.17 million tons, and rolled metal – by 5.4%, to 3.9 million tons. In October, AMKR produced 400 thousand tons of rolled metal, 410 thousand tons of steel and 405 thousand tons of…
ArcelorMittal kriviy Rih is experiencing difficulties with coking coal provision, yet this does not affect steel and pig iron manufacture. The company has started buying coking coal in the Czech Republic, without disclosing volumes. Thus the company intends to diversify risks. (Ukrainian metal)
In October 2005, the transparent privatization of Kryvyi Rih metallurgical plant became the largest investment in Ukraine. The state received UAH 24.2 billion. Lakshmi Mittal, Executive Chairman of ArcelorMittal, congratulated the largest mining and steel company in Ukraine: “Looking back at the years since ArcelorMittal successfully acquired Kryvorizhstal in 2005, the belief I had in…
From October 1, ArcelorMittal Kriviy Rih is increasing wages by 10%. The decision was taken at the staff conference on October 22. Some employees will see their salary increase by 30%. Moreover, in December the so-called 14th salary will be paid in the amount of 50%. (Ukrainian metal)
On October 15, ArcelorMittal Kriviy Rih began reconstruction and repair of its blast furnace No. 9. The repair is expected to last for 45 to 50 days. The work done will help provide for the stable operation of the blast furnace until the modernization is completed in 2023. The cost of the BF9 modernization is…
ArcelorMittal Kriviy Rih has purchased two Shantui Construction Machinery front-end loaders. Investments amounted to 4.5 million UAH. The machines have already been delivered. In November, the company expects two bulldozers from the same manufacturer valued at 16 million UAH. (Ukrainian metal)
In January-August, ArcelorMittal Kriviy Rih increased pig iron output by 11.3% YoY, to 3.72 million tons. Rolled metal manufacture dropped by 0.2%, to 3.1 million tons, while steel grew by 4.1%, to 3.32 million tons. In August, AMKR produced 400 thousand tons of rolled metal, 415 thousand tons of steel and 440 thousand tons of…
In January-August, ArcelorMittal Kriviy Rih paid 9.3 billion UAH of taxes, up 2-fold YoY. In particular, 5.1 billion UAH was paid to the state budget and 1.2 billion UAH to the local budgets. Profit tax amounted to 3.7 billion UAH and rent for iron ore mining – 515 million UAH. In almost 16 years of…