ArcelorMittal Kriviy Rih was visited by Stephen Douglas, OSCE observer (Organization for Security and Cooperation in Europe) in Ukraine. This is the first visit of a representative of the OSCE special monitoring mission to the plant. Recently, Douglas has been appointed OSCE Coordinator for Economic and Environmental Security in Dnipropetrovsk, Zaporizhzhya and Kirovograd regions. As…
In July the price of electricity for ArcelorMittal Kriviy Rih increased by 20% MoM, which negatively affected the product cost. “The increase of electricity price will result in expenses growth. Electricity prices have grown not only for us, but also for many of our suppliers of services, raw materials and various products”, the company noted.…
Top managers of ArcelorMittal Kriviy Rih had a meeting with the President of the State Volodymyr Zelenskyi in the end of July, and recently had negotiations with the representative of the Office of the President of Ukraine, having discussed possibilities to improve environmental footprint and to implement social projects in Kriviy Rih. The result is…
The cracked tiles shall be replaced, the deformed areas shall be repaired, and the project to improve the pedestrian walkway along Metallurgov Avenue near Bogdan Khmelnitsky Park shall be completed, ArcelorMittal Kriviy Rih insists. The company reserved UAH 10 million for this project; the works started in April, but were suspended in May after the…
ArcelorMittal Kriviy Rih has concluded an agreement on financial leasing with OTP Leasing for the purchase of 4 CZ Loko locomotives. The EffiShunter 1600 machines with the combined cost of EUR 9 million will be supplied in 2020. “CZ Loko is one of the major railroad machinery enterprises in Central Europe. Our company will be…
In April-June ArcelorMittal Kriviy Rih received $447 million of net loss as opposed to $1.865 billion of net profit in Q2 2018. EBITDA fell to $1.555 billion from $3.073 billion. Revenue decreased from $19.998 billion to $19.279 billion. Sales grew by 4.8%, to 22.8 million tons, and in H1 – by 3.5%, to 44.6 million…
ArcelorMittal Kriviy Rih has opened a new metal warehouse in the city of Dnipro. The warehouse is situated on the left bank of the river Dnipro close to a traffic intersection and railroad. The site is expected to sell some 5 thousand tons of metal each month. The warehouse can store up to 10 thousand…
ArcelorMittal’s Ukrainian steel mill will lose $1 million this month after a key piece of steelmaking equipment has been seized following a security service investigation, the plant’s acting head Oleksandr Ivanov said. The probe into Ukraine’s largest private foreign investor is seen as an early test for the presidency of Volodymyr Zelensky, who has promised…
