ArcelorMittal Kriviy Rih wants to keep its traditional markets – it tries to retain its share on the local market, while increasing its presence on the European and Gulf markets, as well as seeking new ones.
In December 2014 the supervisory board of ArcelorMittal Kriviy Rih sanctioned two volume-identical contracts with ArcelorMittal International Luxembourg SA. Each presupposed the sale of 1.2 million tons of metal products worth 600 million UAH. Thus the total cost of the deal reached 1.2 billion UAH.
In August the major VAT-reimbursement receiver among the mining-metallurgical companies was ArcelorMittal Kriviy Rih with 535.1 million UAH.
On August 13, Kyiv hosted a ceremony of signing a Memorandum of intent of a leading steel enterprise ArcelorMittal Kriviy Rih to participate in operation and infrastructure development of the Oktyabrsk Specialized Sea Port in Mykolayiv.
ArcelorMittal plans to tenant some of the state coalmines in order to provide its steel manufacture with raw materials.
ArcelorMittal, the world’s largest metal company, has no current plans to sell its assets in Kazakhstan, Ukraine or South Africa, the press service of ArcelorMittal Kryvyi Rih has said in response to an article published by KazTAG, a Kazakhstan news service.
ArcelorMittal Kriviy Rih has opened a metal warehouse in Kharkiv.
Zaporizhstal, Odessa Port Works and Kernel-Trade received the largest VAT-reimbursements in June.
By 2019 ArcelorMittal would have invested $1.2 billion into ArcelorMittal Kriviy Rih.
Despite the non-profitability of its business in Ukraine ArcelorMittal is not going to sell its Kriviy Rih works.
ArcelorMittal Kriviy Rih plans to produce 6.5 million tons of steel in 2015.