ArcelorMittal Kriviy Rih steel output in 4 months up by 39% YoY

ArcelorMittal Kriviy Rih has announced that during the first four months of this year it has increased its crude steel output by 39.1% YoY to 2.038 million tons. Product April 2010, t April 2009, t Change, % Pig iron 477,300 348,900 36.8 Steel 566,900 388,800 45.8 Rolled products 477,000 371,000 28.6 Product January-April, 2010 January-April…

ArcelorMittal to invest over $200 million in Ukrainian mill

It is reported that ArcelorMittal, the world’s largest steel producer, plans to invest $200 million to modernize and boost efficiency at its Ukrainian steel mill in 2010.Mr. Jean Jouet, CEO for ArcelorMittal Kriviy Rih, said these plans could be derailed if the company continued to struggle in receiving value added tax refunds from Ukraine cash-strapped…

ArcelorMittal Kriviy Rih to invest over $200 million in 2010

According to Mr. Jean Jouet, CEO of ArcelorMittal Kriviy Rih, the Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, the company plans in 2010 to invest more that $200 million into the implementation of its modernization projects.Mr. Jouet said “After the slowdown in 2009, this year we intend to increase our…

ArcelorMittal Kriviy Rih to upgrade converter shop in 2010

It is reported that ArcelorMittal Kriviy Rih, Ukraine-based subsidiary of the world largest integrated metals and mining company ArcelorMittal, plans in 2010 to carry out the modernization of its converter shop by installing a new ladle furnace, a new continuous billet caster and by replacing its gas cleaning units.ArcelorMittal Kriviy Rih 2010 investment projects are…

ArcelorMittal Kriviy Rih cuts steel output in 2009

Reuters reported that Ukraine biggest steel mill Kryvorizhstal, owned by ArcelorMittal, reduced raw steel production in 2009 to 5.054 million tons from 6.233 million in 2008.According to the report, the rolled steel production fell to 4.478 million tons from 5.406 million while pig iron output fell to 4.418 million from 5.632 million.Ukraine steel production fell…

Smart Holding plans to challenge Kryvorizhstal privatization

Ukrainian Journal reported that Kiev based Smart Holding plans to challenge in court the results of the privatization of OJSC Kryvorizhstal, the largest mining and Metals Company in Ukraine a 93.02% stake in which was bought by Mittal Steel Germany at an open tender held on October 24th 2005. According to the report, the mill…

ArcelorMittal Kriviy Rih to pay UAH 205.59 million to ZZF

It is reported that the Supreme Economic Court of Ukraine has approved the decisions of the courts of first and second instance for the legal collection of about of UAH 205.59 million from the Ukrainian steelmaker ArcelorMittal Kriviy Rih in favor of ferroalloys producer Zaporozhye Ferro Alloys Plant. As SteelOrbis has previously reported, the amount…

ArcelorMittal Kriviy Rih and ZZF dispute over ferroalloy deliveries

The Ukrainian steelmaker ArcelorMittal Kriviy Rih announced that its refusal to prolong a contract for ferroalloy deliveries in the context of its reduced production rates has led its main ferroalloys supplier Zaporozhye Ferro Alloys Plant to take an action for the legal collection of about UAH 205.59 million from the company for pre payment for…

Ukraine fines ArcelorMittal Kriviy Rih and Dneprospetsstal

Ukrainian News reported that the Antimonopoly Committee of Ukraine fined the ArcelorMittal Kriviy Rih ore mining and metallurgical works UAH 50,000 and the Dneprospetsstal metallurgical works UAH 18,000 for breaking rules of furnishing of information.According to the report, the Committee fined ArcelorMittal Kriviy Rih for failure to present information at the committee’s request within the…

ArcelorMittal Kriviy Rih to start rebars sales to Italian market

It is reported that Ukrainian steelmaker ArcelorMittal Kriviy Rih plans to start the deliveries of B450C reinforcement bars of 8mm to 32 mm in diameter to the Italian market.As per report, ArcelorMittal Kriviy Rih has successfully passed the homologation of the Italian standard and got a right to supply products to Italy over five years…

ArcelorMittal Kriviy Rih may build new sinter plant in 2010

It is reported that Ukrainian steelmaker ArcelorMittal Kriviy Rih a subsidiary of steel giant ArcelorMittal has stated that the construction of its new sinter producing plant with an annual production capacity of about 10.14 million tonnes may start in 2010. Accordingly, the construction of the new sinter producing plant is expected to be completed in…