ArcelorMittal Kriviy Rih has appointed Pavel Zadorozhniy the acting financial director and chief accountant from January 8 for an indefinite term. The decision was taken by the CEO Mauro Longobardo on January 5. The office of the previous CFO Sergey Plichko was suspended based on the CEO order dated December 25, 2023. Plichko has been…
ArcelorMittal Kriviy Rih has relieved financial director Sergey Plichko of his duties. His office ended on December 25. Plichko has been working as the CFO for 7 years. Pavel Zadorozhniy has been appointed acting financial director and chief accountant till January 5, 2024. (Ukrainian metal)
ArcelorMittal Kriviy Rih believes it can increase sales on domestic market thanks to the government orders and normalization of logistic routes. This year capex amounted to $130 million, and next year the company planned to increase investments by 20%, to $155 million. In 2023, AMKR intends to produce more than 1.4 million tons of pig…
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…