In 2024, ArcelorMittal Kriviy Rih intends to increase the loading of its capacities from 30% to 50%. “As the largest international investor in Ukraine and the largest mining and metallurgical enterprise in the country we are a reliable partner to Ukraine and contribute considerably to its economy during the war. Thus, next year we plan…
The European Bank for Reconstruction and Development has provided a loan of $150 million to ArcelorMittal Kriviy Rih to replenish the working capital of the company. The loan was approved on November 15, and the funds are being provided. The loan will also support the development and realization of the new special program of professional…
In January-June, ArcelorMittal Kryvyi Rih produced 390 thousand tons of steel, or 43% of the H1 2022 output. According to the company CEO Mauro Longobardo, in H1 2022, AMKR produced around 890 thousand tons of steel. In early June, AMKR suspended steel and rolled metal manufacture to decrease water consumption following the destruction of the…
ArcelorMittal Kryvyi Rih will be able to return to the output capacity loading at the level of 33-35% after it has enough water, and when the blast furnace No. 6 is repaired at the end of the year, to the level of 50%. In the next couple of weeks, AMKR intends to receive additional 1…
ArcelorMittal Kriviy Rih has shut down the blast furnace No. 6 for capital repair. This blast furnace was the first to be launched after the complete shut down of the enterprise at the beginning of the full-scale Russian invasion. “For a long time the blast furnace was the only working furnace, which was visited by…
ArcelorMital Kriviy Rih has constructed an underground service station for its mine transport at the depth of 1,135 meters. Now the repair and maintenance of mine transport, electric locomotives and trolleys will be carried out in an up-to-date underground depot. Previously, all the repair and maintenance checks of mine transport at the 1,135 horizon were…
After the Russian terrorists blew up the Kakhovka HPP dam, ArcelorMittal Kryvyi Rih sent some of its employees to remote work due to the lack of water. But now the company is returning people to normal work. AMKR was forced to suspend steel manufacture to decrease water consumption. The logistics chain of the company worked…
In 2022, ArcelorMittal Kriviy Rih received 49.9 billion UAH of losses, while in 2021 it had a net profit of 25.2 billion UAH. Net loss per share was 12.7 UAH. Assets totaled 52.68 billion UAH and long-term liabilities – 6.04 billion UAH. The company CEO Mauro Longobardo said that the main conclusion was that the…