ArcelorMittal Kriviy Rih plans to invest around $190 million into its development in 2016. “Our goal is $190 million. We shall see if we can do it this year”, said the company CEO Paramjit Kahlon. Last year AMKR invested 5.17 billion UAH into development. The money was spent on the construction of pulverized coal injection…
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)
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…
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…
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)
ArcelorMittal Kriviy Rih has finished capital repairs of the heating furnace of the 250-3 mill in the section-rolling shop #1.
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.
Ukrzaliznytsia receives around one third of its income by servicing SCM companies.
ArcelorMittal Kriviy Rih has implemented a one-off social program for its pensioners.
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.
ArcelorMittal is interested in using Odessa region ports to transport cargo to its European works.