In 2022, ArcelorMittal Kriviy Rih received a net loss of 48.34 billion UAH as opposed to a net profit of 25.28 billion UAH in 2021. Income dropped by 59.9%, to 43.82 billion UAH. Last year, AMKR decreased steel output by 23% and rolled metal – by 22.8%. (Ukrainian metal)
ArcelorMittal Kryiviy Rih finished 2022 with a considerable net loss because of the war and the operation at 25% of capacities. At the same time, according to the CEO Mauro Longobardo, the company received a financial aid from ArcelorMittal of $600 million. This allowed paying salary to employees and continue operating despite difficulties with buying…
ArcelorMittal Kryvyi Rih on April 7 will pay remuneration for the work in 2022 in the amount of 50% of average monthly salary. According to the company CEO Mauro Longobardo, in 2022 Ukraine, Kryvyi Rih and AMRK faced unheard of challenges. Because of the ports blockade and difficulties connected with the Russian invasion, the works…
ArcelorMittal Kryvyi Rih intends to increase the loading of its capacities from the current 25% to 50% due to improvement of energy supplies in the first half of the year. At present, the company operates only one blast furnace out of four, but with the improvement of energy supplies, it will resume operation of another…
On October 12, 2022, ArcelorMittal Kriviy Rih shut down coke-oven batteries Nos. 1 and 2. This will help decrease pollution by 2.5 thousand tons per year. In particular, emission of ammonia, hydrogen sulfide, benzene and phenol will be decreased. (Ukrainian metal)
ArcelorMittal Kriviy Rih has announced the decommission of its oldest sintering line, that has been used to provide around 8 thousand tons of sinter per day to the blast furnace No. 1, due to the decrease in output because of the war and in order to conform to its obligation to decrease environment impact. Now…
In 2022, ArcelorMittal Kriviy Rih decreased output due to the worsening of situation in the industry because of the full-scale Russian invasion. Thus, pig iron manufacture decreased by 70.1% YoY, to 1.6 million tons, steel – by 76.6%, to 1.2 million tons, and rolled metal – by 76.08%, to 1.1 million tons. In mining field…
In January-November 2022, ArcelorMittal Kriviy Rih decreased metallurgical coke output by 66.7% YoY, to 880 thousand tons. In November 2022, the company produced 44 thousand tons of metallurgical coke. Bulk 6% moisture coke manufacture in 11 months of 2022 exceeded 1 million tons, including 51 thousand tons in November 2022. AMKR received 1.3 million tons…
