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.

Ukraine: AMKR given cure period

The State Geology Service has given ArcelorMittal Kriviy Rih time till March 3, to redress violation of mineral legislation as to the usage of minerals at Novokrivorozhskoye deposits.

Ukraine: AMKR named the leading exporter

ArcelorMittal Kriviy Rih, the largest mining and metallurgical company of Ukraine, became the leader of the exporters. The rating was compiled by Forbes Ukraine on the basis of H1 2015 results.

Ukraine: AM interested in using Odessa ports

ArcelorMittal is interested in using Odessa region ports to transport cargo to its European works.

Ukraine: AMKR local sales down in 2015

In 2015 ArcelorMittal Kriviy Rih decreased metal sales in Ukraine to 0.5 million tons.

Ukraine: AMKR dismisses board member

ArcelorMittal Kriviy Rih has dismissed Simon Francis Evans from his office of the supervisory board member.

Ukraine: AMKR output down in 2015

In 2015 ArcelorMittal Kriviy Rih produced 5.28 million tons of rolled metal, down by 4.3% YoY.